SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sets New 12-Month High – Should You Buy?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $22.55 and last traded at $22.55, with a volume of 150 shares trading hands. The stock had previously closed at $21.7060.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. 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. Finally, Colliers Securities upgraded SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Check Out Our Latest Stock Report on CWYUF

SmartCentres Real Estate Investment Trust Stock Up 0.9%

The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 12.13 and a beta of 0.84. The firm’s fifty day moving average price is $21.14 and its two-hundred day moving average price is $20.36. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.28 and a quick ratio of 0.28.

About SmartCentres Real Estate Investment Trust

(Get Free Report)

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.

Further Reading

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