SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Reaches New 12-Month High – Here’s What Happened

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as $21.6495 and last traded at $21.6495, with a volume of 200 shares trading hands. The stock had previously closed at $21.19.

Analyst Ratings Changes

CWYUF has been the topic of a number of recent analyst reports. TD Securities upgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Colliers Securities upgraded SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. Finally, Zacks Research downgraded SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Check Out Our Latest Report on CWYUF

SmartCentres Real Estate Investment Trust Trading Up 1.7%

The business’s 50 day moving average is $20.93 and its 200 day moving average is $20.00. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 12.21 and a beta of 0.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.28 and a quick ratio of 0.28.

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.

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