SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Stock Moved Up to “Hold” by Zacks Research

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

Separately, TD Securities upgraded shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, SmartCentres Real Estate Investment Trust has an average rating of “Buy”.

SmartCentres Real Estate Investment Trust Stock Performance

SmartCentres Real Estate Investment Trust stock opened at $18.42 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.61. The stock has a market cap of $3.28 billion, a PE ratio of 24.24 and a beta of 0.84. SmartCentres Real Estate Investment Trust has a 12-month low of $17.16 and a 12-month high of $22.55. The business’s 50-day moving average price is $19.67 and its two-hundred day moving average price is $20.41.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its earnings results on Thursday, August 6th. The company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.00). SmartCentres Real Estate Investment Trust had a return on equity of 3.13% and a net margin of 21.47%. The company had revenue of $159.07 million during the quarter, compared to the consensus estimate of $162.68 million. As a group, analysts expect that SmartCentres Real Estate Investment Trust will post 1.60 earnings per share for the current fiscal year.

SmartCentres Real Estate Investment Trust Company Profile

SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust that owns, develops, leases and manages commercial and residential properties. Its portfolio is primarily focused on retail properties, including shopping centres anchored by major grocery, discount and general-merchandise retailers, as well as mixed-use developments that combine retail, residential and other real estate uses.

The trust’s activities include property operations, tenant leasing, redevelopment and development services.