SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Releases Earnings Results, Beats Estimates By $0.01 EPS

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) issued its earnings results on Thursday. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01, reports. SmartCentres Real Estate Investment Trust had a return on equity of 6.72% and a net margin of 46.42%.The business had revenue of $159.07 million during the quarter, compared to analysts’ expectations of $162.68 million.

SmartCentres Real Estate Investment Trust Trading Up 5.9%

OTCMKTS:CWYUF traded up $1.22 on Friday, reaching $22.00. 800 shares of the stock traded hands, compared to its average volume of 24,289. 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 has a 1-year low of $17.28 and a 1-year high of $22.55. The company’s 50 day moving average is $21.22 and its 200-day moving average is $20.52. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 12.36 and a beta of 0.84.

Wall Street Analysts Forecast Growth

CWYUF has been the topic of several recent research reports. Colliers Securities upgraded shares of SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. TD Securities upgraded shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Finally, Zacks Research downgraded shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

About SmartCentres Real Estate Investment Trust

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.