SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) released its quarterly earnings results on Thursday. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01, Zacks reports. SmartCentres Real Estate Investment Trust had a return on equity of 6.72% and a net margin of 46.42%.

SmartCentres Real Estate Investment Trust Stock Performance

OTCMKTS CWYUF traded down $0.30 during mid-day trading on Thursday, reaching $20.48. 34,654 shares of the stock were exchanged, compared to its average volume of 24,290. The company has a market capitalization of $3.65 billion, a P/E ratio of 11.51 and a beta of 0.84. SmartCentres Real Estate Investment Trust has a 1 year low of $17.28 and a 1 year high of $22.55. The business’s 50 day moving average is $21.23 and its 200-day moving average is $20.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.28 and a current ratio of 0.28.

Analysts Set New Price Targets

Several research firms have issued reports on CWYUF. TD Securities raised shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Colliers Securities upgraded shares of SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research note on Thursday, April 16th. Finally, Zacks Research lowered SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

About SmartCentres Real Estate Investment Trust

SmartCentres Real Estate Investment Trust is a Canada-based real estate investment trust specializing in the ownership, development and management of retail-focused commercial properties. The trust’s portfolio is anchored predominantly by Walmart Canada, complemented by a mix of other national and regional tenants. SmartCentres targets high-traffic, community-centric locations, offering grocery, discount department, service and specialty retailers within its shopping centres.

Originally established in 1994, the trust has grown through a combination of development, strategic acquisitions and redevelopments.