Scotiabank Cuts SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Price Target to C$32.50

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Rating) had its price objective lowered by Scotiabank from C$33.00 to C$32.50 in a report released on Monday, The Fly reports.

CWYUF has been the subject of several other research reports. TD Securities lifted their price target on shares of SmartCentres Real Estate Investment Trust from C$32.00 to C$33.00 in a research report on Thursday, February 17th. Royal Bank of Canada lifted their price target on shares of SmartCentres Real Estate Investment Trust from C$34.00 to C$35.00 in a research report on Tuesday, February 22nd. Canaccord Genuity Group downgraded shares of SmartCentres Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. BMO Capital Markets raised their price objective on SmartCentres Real Estate Investment Trust from C$32.00 to C$33.00 in a research note on Thursday, February 17th. Finally, Desjardins raised their price objective on SmartCentres Real Estate Investment Trust from C$33.00 to C$35.50 in a research note on Wednesday, February 23rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.75.

Shares of SmartCentres Real Estate Investment Trust stock traded up $0.44 on Monday, reaching $22.69. 149 shares of the company’s stock were exchanged, compared to its average volume of 2,836. The company has a market capitalization of $4.04 billion, a P/E ratio of 16.44 and a beta of 1.11. SmartCentres Real Estate Investment Trust has a 52 week low of $22.01 and a 52 week high of $27.86. The firm’s 50-day moving average is $25.21 and its two-hundred day moving average is $24.92.

About SmartCentres Real Estate Investment Trust (Get Rating)

SmartCentres Real Estate Investment Trust is one of Canada's largest fully integrated REITs, with a best-in-class portfolio featuring 166 strategically located properties in communities across the country. SmartCentres has approximately $10.4 billion in assets and owns 33.8 million square feet of income producing value-oriented retail space with 97.4% occupancy, on 3,500 acres of owned land across Canada.

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