SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Cut to “Hold” at TD Securities

TD Securities downgraded shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) from a strong-buy rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Separately, Zacks Research raised shares of SmartCentres Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, SmartCentres Real Estate Investment Trust has a consensus rating of “Hold”.

SmartCentres Real Estate Investment Trust Stock Performance

Shares of OTCMKTS:CWYUF opened at $19.96 on Thursday. The business’s 50 day moving average price is $19.72 and its 200-day moving average price is $19.23. The firm has a market capitalization of $3.56 billion, a PE ratio of 16.22 and a beta of 0.85. SmartCentres Real Estate Investment Trust has a 1 year low of $16.43 and a 1 year high of $20.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.21 and a quick ratio of 0.21.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.39 by $0.12. SmartCentres Real Estate Investment Trust had a net margin of 38.27% and a return on equity of 5.02%. The firm had revenue of $170.52 million for the quarter, compared to analysts’ expectations of $232.74 million. As a group, equities research analysts expect that SmartCentres Real Estate Investment Trust will post 1.52 earnings per share for the current fiscal year.

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.