SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Trading Down 6.9% – Here’s What Happened

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) shares fell 6.9% on Thursday . The company traded as low as $18.7420 and last traded at $18.7420. Approximately 960 shares traded hands during trading, a decline of 96% from the average session volume of 25,998 shares. The stock had previously closed at $20.14.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zacks Research downgraded shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

SmartCentres Real Estate Investment Trust Stock Down 2.2%

The firm’s 50-day moving average price is $20.32 and its 200 day moving average price is $20.50. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 24.61 and a beta of 0.83. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.61.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.59) EPS for the quarter, missing the consensus estimate of $0.41 by ($1.00). The firm had revenue of $159.07 million for the quarter, compared to analyst estimates of $162.68 million. SmartCentres Real Estate Investment Trust had a net margin of 21.47% and a return on equity of 3.13%. On average, sell-side analysts forecast that SmartCentres Real Estate Investment Trust will post 1.6 EPS for the current fiscal year.

About SmartCentres Real Estate Investment Trust

SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust that owns, develops, leases and manages income-producing commercial and residential properties. Its portfolio is anchored by retail properties, including shopping centres and other sites serving everyday consumer needs, alongside growing interests in residential and mixed-use developments.

The trust’s retail properties are located primarily in Canada and are often situated in established urban and suburban markets with access to major transportation routes.