SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Lowered to “Strong Sell” Rating by Zacks Research

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

Several other analysts also recently weighed in on CWYUF. TD Securities raised shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Colliers Securities raised shares of SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, SmartCentres Real Estate Investment Trust currently has an average rating of “Moderate Buy”.

SmartCentres Real Estate Investment Trust Price Performance

Shares of OTCMKTS CWYUF opened at $20.44 on Monday. 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 $3.65 billion, a PE ratio of 26.90 and a beta of 0.84. The business has a 50-day simple moving average of $21.19 and a two-hundred day simple moving average of $20.53. SmartCentres Real Estate Investment Trust has a fifty-two week low of $17.28 and a fifty-two week high of $22.55.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($1.00). SmartCentres Real Estate Investment Trust had a net margin of 21.47% and a return on equity of 3.11%. The company had revenue of $159.07 million for the quarter, compared to analyst estimates of $162.68 million. As a group, equities analysts expect that SmartCentres Real Estate Investment Trust will post 1.6 EPS for the current fiscal 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.