SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Announces Quarterly Earnings Results

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

SmartCentres Real Estate Investment Trust Stock Down 1.4%

SmartCentres Real Estate Investment Trust stock traded down $0.30 during trading hours on Thursday, hitting $20.48. The stock had a trading volume of 34,654 shares, compared to its average volume of 24,290. SmartCentres Real Estate Investment Trust has a 12-month low of $17.28 and a 12-month high of $22.55. The stock has a market capitalization of $3.65 billion, a P/E ratio of 11.51 and a beta of 0.84. The stock’s 50-day moving average price is $21.23 and its 200-day moving average price is $20.51. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.65.

Analysts Set New Price Targets

Several equities analysts have issued reports 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 downgraded SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Colliers Securities raised SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research note 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

SmartCentres Real Estate Investment Trust Company Profile

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.