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

Zacks Research cut shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, 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. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

SmartCentres Real Estate Investment Trust Trading Up 2.1%

Shares of CWYUF opened at $20.86 on Tuesday. SmartCentres Real Estate Investment Trust has a 52-week low of $17.28 and a 52-week high of $20.96. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average is $19.89 and its two-hundred day moving average is $19.29. The stock has a market cap of $3.72 billion, a PE ratio of 16.96 and a beta of 0.86.

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