SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Stock Rating Upgraded by TD Securities

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was upgraded by TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms also recently commented on CWYUF. Colliers Securities raised shares of SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a report on Thursday, April 16th. Zacks Research cut shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

SmartCentres Real Estate Investment Trust Stock Performance

OTCMKTS:CWYUF opened at $21.42 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.65. SmartCentres Real Estate Investment Trust has a fifty-two week low of $17.28 and a fifty-two week high of $21.54. The stock has a market cap of $3.82 billion, a PE ratio of 12.03 and a beta of 0.84. The firm’s fifty day simple moving average is $20.70 and its 200-day simple moving average is $19.84.

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.