SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Upgraded at Zacks Research

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

SmartCentres Real Estate Investment Trust Trading Down 0.2%

Shares of OTCMKTS CWYUF opened at $19.70 on Monday. SmartCentres Real Estate Investment Trust has a 12-month low of $15.99 and a 12-month high of $20.00. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 15.39 and a beta of 0.86. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.58. The stock’s 50 day simple moving average is $18.79 and its 200 day simple moving average is $18.96.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). SmartCentres Real Estate Investment Trust had a return on equity of 5.16% and a net margin of 39.89%.The company had revenue of $164.62 million for the quarter, compared to the consensus estimate of $223.98 million. Equities research analysts expect that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current year.

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.