SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Upgraded at Zacks Research

Zacks Research upgraded shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

Separately, TD Securities cut shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. One equities 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, the company presently has a consensus rating of “Buy”.

SmartCentres Real Estate Investment Trust Price Performance

Shares of SmartCentres Real Estate Investment Trust stock opened at $19.67 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.70. The firm has a fifty day simple moving average of $19.77 and a 200-day simple moving average of $19.23. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 15.99 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.

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 analysts’ consensus estimates of $0.39 by $0.12. The business had revenue of $170.52 million for the quarter, compared to analyst estimates of $232.74 million. SmartCentres Real Estate Investment Trust had a net margin of 38.27% and a return on equity of 5.01%. On average, sell-side analysts expect that SmartCentres Real Estate Investment Trust will post 1.52 earnings per share for the current year.

SmartCentres Real Estate Investment Trust Company Profile

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.