SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Gap Down – Time to Sell?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) shares gapped down prior to trading on Wednesday . The stock had previously closed at $20.14, but opened at $19.22. SmartCentres Real Estate Investment Trust shares last traded at $19.01, with a volume of 951 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Zacks Research downgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. TD Securities upgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, SmartCentres Real Estate Investment Trust has a consensus rating of “Moderate Buy”.

SmartCentres Real Estate Investment Trust Price Performance

The firm has a market cap of $3.41 billion, a P/E ratio of 25.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.22 and a quick ratio of 0.22. The firm’s 50 day moving average is $20.36 and its 200 day moving average is $20.51.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($1.00). SmartCentres Real Estate Investment Trust had a return on equity of 3.13% and a net margin of 21.47%.The company had revenue of $159.07 million during the quarter, compared to analysts’ expectations of $162.68 million. As a group, analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.6 earnings per share for the current year.

SmartCentres Real Estate Investment Trust Company Profile

SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust that owns, develops, leases and manages income-producing commercial and residential properties. Its portfolio is anchored by retail properties, including shopping centres and other sites serving everyday consumer needs, alongside growing interests in residential and mixed-use developments.

The trust’s retail properties are located primarily in Canada and are often situated in established urban and suburban markets with access to major transportation routes.