SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Stock Rating Upgraded by Zacks Research

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

Separately, 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 investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

SmartCentres Real Estate Investment Trust Trading Up 0.6%

Shares of OTCMKTS:CWYUF opened at $18.42 on Thursday. The business’s 50 day simple moving average is $19.67 and its 200 day simple moving average is $20.41. SmartCentres Real Estate Investment Trust has a 1 year low of $17.16 and a 1 year high of $22.55. 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 company has a market capitalization of $3.28 billion, a P/E ratio of 24.24 and a beta of 0.84.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last announced its quarterly earnings data 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). The company had revenue of $159.07 million during the quarter, compared to analyst estimates of $162.68 million. SmartCentres Real Estate Investment Trust had a net margin of 21.47% and a return on equity of 3.13%. On average, research analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.60 EPS for the current fiscal 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 commercial and residential properties. Its portfolio is primarily focused on retail properties, including shopping centres anchored by major grocery, discount and general-merchandise retailers, as well as mixed-use developments that combine retail, residential and other real estate uses.

The trust’s activities include property operations, tenant leasing, redevelopment and development services.