SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Hits New 52-Week High on Analyst Upgrade

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) hit a new 52-week high on Tuesday after TD Securities upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $21.54 and last traded at $21.42, with a volume of 19783 shares. The stock had previously closed at $21.26.

Other equities analysts have also issued reports about the company. Zacks Research lowered SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Colliers Securities upgraded SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, SmartCentres Real Estate Investment Trust currently has an average rating of “Buy”.

Get SmartCentres Real Estate Investment Trust alerts:

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

SmartCentres Real Estate Investment Trust Stock Performance

The firm has a market cap of $3.82 billion, a PE ratio of 12.04 and a beta of 0.84. The company has a 50 day simple moving average of $20.77 and a 200-day simple moving average of $19.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.28 and a quick ratio of 0.28.

About SmartCentres Real Estate Investment Trust

(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.

Recommended Stories

• Five stocks we like better than SmartCentres Real Estate Investment Trust
• Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
• CoreWeave Insider Sales Look Big, But Should Investors Worry?
• Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
• Meta and Cloud Computing: Real Potential, or a Shot in the Dark?

Receive News & Ratings for SmartCentres Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SmartCentres Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.