SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Raised to Strong-Buy at TD Securities

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was upgraded by equities researchers at TD Securities from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently commented on CWYUF. Zacks Research cut SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Colliers Securities upgraded shares of SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, SmartCentres Real Estate Investment Trust presently has an average rating of “Buy”.

SmartCentres Real Estate Investment Trust Stock Up 0.8%

CWYUF opened at $21.42 on Monday. The business has a 50 day moving average price of $20.70 and a two-hundred day moving average price of $19.84. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.65. The company has a market cap of $3.82 billion, a PE ratio of 12.03 and a beta of 0.84. SmartCentres Real Estate Investment Trust has a 52 week low of $17.28 and a 52 week high of $21.54.

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.