Shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $20.14, but opened at $19.22. SmartCentres Real Estate Investment Trust shares last traded at $19.01, with a volume of 951 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on CWYUF shares. TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. Zacks Research cut shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on SmartCentres Real Estate Investment Trust
SmartCentres Real Estate Investment Trust Stock Performance
SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.00). SmartCentres Real Estate Investment Trust had a return on equity of 3.13% and a net margin of 21.47%.The business had revenue of $159.07 million during the quarter, compared to the consensus estimate of $162.68 million. Equities research analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.6 earnings per share for the current fiscal year.
About SmartCentres Real Estate Investment Trust
SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust that owns, develops, leases and manages income-producing commercial and residential properties. Its portfolio is anchored by retail properties, including shopping centres and other sites serving everyday consumer needs, alongside growing interests in residential and mixed-use developments.
The trust’s retail properties are located primarily in Canada and are often situated in established urban and suburban markets with access to major transportation routes.
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