SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Gap Up – Time to Buy?

Shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) gapped up before the market opened on Tuesday . The stock had previously closed at $19.06, but opened at $20.14. SmartCentres Real Estate Investment Trust shares last traded at $20.14, with a volume of 1,141 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CWYUF shares. Zacks Research cut 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 shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

SmartCentres Real Estate Investment Trust Price Performance

The firm has a market capitalization of $3.59 billion, a PE ratio of 26.50 and a beta of 0.83. The firm’s fifty day moving average price is $20.39 and its 200 day moving average price is $20.51. 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 posted its earnings results on Thursday, August 6th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.00). SmartCentres Real Estate Investment Trust had a net margin of 21.47% and a return on equity of 3.13%. The business had revenue of $159.07 million for the quarter, compared to analyst estimates of $162.68 million. As a group, equities analysts forecast that SmartCentres Real Estate Investment Trust will post 1.6 earnings per share for the current 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.