SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Hits New 12-Month High – Here’s Why

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $21.2615 and last traded at $21.26, with a volume of 6977 shares. The stock had previously closed at $20.8250.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Colliers Securities upgraded SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. TD Securities cut SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Zacks Research cut SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, SmartCentres Real Estate Investment Trust has a consensus rating of “Hold”.

Check Out Our Latest Research Report on SmartCentres Real Estate Investment Trust

SmartCentres Real Estate Investment Trust Stock Performance

The company has a 50-day moving average of $20.59 and a 200 day moving average of $19.79. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $3.79 billion, a PE ratio of 11.94 and a beta of 0.84.

SmartCentres Real Estate Investment Trust Company Profile

(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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