SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 494,683 shares, an increase of 106.5% from the June 30th total of 239,521 shares. Based on an average daily trading volume, of 17,217 shares, the short-interest ratio is currently 28.7 days. Approximately 0.4% of the shares of the company are short sold.
Analyst Upgrades and Downgrades
CWYUF has been the subject of a number of research reports. TD Securities upgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Zacks Research downgraded SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Colliers Securities upgraded shares of SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.
View Our Latest Stock Report on SmartCentres Real Estate Investment Trust
SmartCentres Real Estate Investment Trust Trading Up 0.1%
About SmartCentres Real Estate Investment Trust
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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