SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Trading Up 0.1% – Time to Buy?

Shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) were up 0.1% on Monday . The stock traded as high as $20.1075 and last traded at $20.0520. Approximately 22,227 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 31,080 shares. The stock had previously closed at $20.04.

Analyst Ratings Changes

Several analysts have weighed in on CWYUF shares. Zacks Research upgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. TD Securities downgraded SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trust currently has an average rating of “Buy”.

SmartCentres Real Estate Investment Trust Stock Up 0.1%

The company has a debt-to-equity ratio of 0.70, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market capitalization of $3.58 billion, a PE ratio of 16.30 and a beta of 0.86. The company has a 50 day moving average price of $19.85 and a 200-day moving average price of $19.26.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its earnings results on Wednesday, February 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12. SmartCentres Real Estate Investment Trust had a return on equity of 5.01% and a net margin of 38.27%.The firm had revenue of $170.52 million for the quarter, compared to analysts’ expectations of $232.74 million. As a group, analysts forecast 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.