SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Rating Increased to Moderate Buy at Colliers Securities

Colliers Securities upgraded shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) to a moderate buy rating in a research report released on Thursday morning,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Zacks Research downgraded shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. TD Securities downgraded shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. 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, SmartCentres Real Estate Investment Trust currently has a consensus rating of “Hold”.

SmartCentres Real Estate Investment Trust Stock Up 0.6%

Shares of SmartCentres Real Estate Investment Trust stock opened at $20.98 on Thursday. The stock’s 50-day moving average is $19.91 and its 200 day moving average is $19.30. SmartCentres Real Estate Investment Trust has a one year low of $17.28 and a one year high of $20.98. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 17.06 and a beta of 0.86. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.38 and a quick ratio of 0.38.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last issued its earnings results on Wednesday, February 11th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $170.52 million during the quarter, compared to the consensus estimate of $232.74 million. Equities research analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.52 EPS 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.