SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Upgraded at Colliers Securities

Colliers Securities upgraded shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) to a moderate buy rating in a research report sent to investors on Thursday,Zacks.com reports.

Several other research analysts have also issued reports on the company. Zacks Research lowered SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. TD Securities lowered SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

SmartCentres Real Estate Investment Trust Stock Up 0.6%

Shares of CWYUF opened at $20.98 on Thursday. The business’s 50 day moving average is $19.91 and its 200 day moving average is $19.30. 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 market capitalization of $3.74 billion, a PE ratio of 17.06 and a beta of 0.86. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.70.

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, 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 company had revenue of $170.52 million for the quarter, compared to analyst estimates of $232.74 million. 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.