SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Hits New 1-Year High – What’s Next?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.2615 and last traded at $21.26, with a volume of 6977 shares changing hands. The stock had previously closed at $20.8250.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Zacks Research downgraded SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. 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. Finally, Colliers Securities raised SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trust currently has a consensus rating of “Hold”.

SmartCentres Real Estate Investment Trust Price Performance

The stock has a market capitalization of $3.79 billion, a PE ratio of 11.94 and a beta of 0.84. The stock’s 50 day moving average is $20.50 and its two-hundred day moving average is $19.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.28 and a current ratio of 0.28.

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.