SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Stock Rating Upgraded by Colliers Securities

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was upgraded by stock analysts at Colliers Securities to a “moderate buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Zacks Research downgraded SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. TD Securities downgraded SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, SmartCentres Real Estate Investment Trust has an average rating of “Hold”.

SmartCentres Real Estate Investment Trust Stock Performance

Shares of CWYUF opened at $20.98 on Thursday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 17.06 and a beta of 0.86. SmartCentres Real Estate Investment Trust has a 12 month low of $17.28 and a 12 month high of $20.98. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.70. The business’s fifty day simple moving average is $19.91 and its two-hundred day simple moving average is $19.30.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. The firm had revenue of $170.52 million for the quarter, compared to the consensus estimate of $232.74 million. SmartCentres Real Estate Investment Trust had a return on equity of 5.01% and a net margin of 38.27%. Research analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.52 earnings per share for the current fiscal year.

SmartCentres Real Estate Investment Trust Company Profile

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.