SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sets New 12-Month High – Here’s Why

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $21.6495 and last traded at $21.6495, with a volume of 200 shares traded. The stock had previously closed at $21.19.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Zacks Research downgraded SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. TD Securities upgraded shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. Finally, Colliers Securities upgraded SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trust presently has an average rating of “Buy”.

SmartCentres Real Estate Investment Trust Trading Up 1.7%

The business has a 50 day moving average of $20.93 and a 200-day moving average of $20.00. The stock has a market cap of $3.88 billion, a PE ratio of 12.21 and a beta of 0.84. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.65.

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.