SmartCentres Real Estate Investment Trust (CWYUF) Projected to Post Quarterly Earnings on Thursday

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) is expected to release its results after the market closes on Thursday, August 6th. Analysts expect the company to post earnings of $0.41 per share and revenue of $162.6810 million for the quarter.

SmartCentres Real Estate Investment Trust Trading Up 0.1%

Shares of CWYUF stock opened at $21.28 on Thursday. SmartCentres Real Estate Investment Trust has a fifty-two week low of $17.28 and a fifty-two week high of $22.55. The stock’s fifty day moving average price is $21.24 and its two-hundred day moving average price is $20.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $3.79 billion, a PE ratio of 11.96 and a beta of 0.84.

Wall Street Analysts Forecast Growth

CWYUF has been the subject of several recent analyst reports. 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. Colliers Securities upgraded SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. Finally, TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

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.