SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sets New 52-Week High – Time to Buy?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF)’s share price hit a new 52-week high on Thursday . The stock traded as high as $20.96 and last traded at $20.96, with a volume of 390 shares trading hands. The stock had previously closed at $20.4265.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CWYUF shares. TD Securities cut SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Zacks Research cut SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

SmartCentres Real Estate Investment Trust Price Performance

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 stock has a market capitalization of $3.73 billion, a PE ratio of 16.99 and a beta of 0.86. The company has a 50-day moving average of $19.87 and a 200 day moving average of $19.28.

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 return on equity of 5.01% and a net margin of 38.27%.The firm had revenue of $170.52 million during the quarter, compared to analysts’ expectations of $232.74 million. Sell-side analysts predict that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current 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.