SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Cut to Strong Sell at Zacks Research

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

SmartCentres Real Estate Investment Trust Stock Up 0.7%

SmartCentres Real Estate Investment Trust stock opened at $18.63 on Monday. SmartCentres Real Estate Investment Trust has a twelve month low of $15.99 and a twelve month high of $19.86. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market cap of $3.32 billion, a PE ratio of 14.55 and a beta of 0.85. The firm’s 50 day moving average price is $18.74 and its two-hundred day moving average price is $18.92.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last issued its earnings results on Wednesday, November 12th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). SmartCentres Real Estate Investment Trust had a net margin of 39.89% and a return on equity of 5.16%. The company had revenue of $164.62 million for the quarter, compared to analyst estimates of $223.98 million. On average, research analysts predict that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current fiscal year.

SmartCentres Real Estate Investment Trust Company Profile

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.