SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Stock Price Up 0% – What’s Next?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Free Report)’s stock price traded up 0% during trading on Wednesday . The stock traded as high as $19.72 and last traded at $19.72. Approximately 68,952 shares changed hands during mid-day trading, an increase of 152% from the average daily volume of 27,350 shares. The stock had previously closed at $19.7140.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CWYUF shares. Zacks Research downgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SmartCentres Real Estate Investment Trust presently has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on CWYUF

SmartCentres Real Estate Investment Trust Stock Up 0.0%

The stock has a 50 day moving average price of $20.88 and a 200 day moving average price of $20.58. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $3.52 billion, a P/E ratio of 25.95 and a beta of 0.83.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($1.00). SmartCentres Real Estate Investment Trust had a net margin of 21.47% and a return on equity of 3.11%. The company had revenue of $159.07 million for the quarter, compared to the consensus estimate of $162.68 million. Equities research analysts forecast that SmartCentres Real Estate Investment Trust will post 1.6 earnings per share for the current fiscal year.

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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