SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Hits New 1-Year High Following Analyst Upgrade

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) reached a new 52-week high during trading on Tuesday after TD Securities upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $21.54 and last traded at $21.42, with a volume of 19783 shares. The stock had previously closed at $21.26.

A number of other equities analysts have also recently issued reports on CWYUF. Colliers Securities upgraded shares of SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research note on Thursday, April 16th. Zacks Research lowered 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 issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

SmartCentres Real Estate Investment Trust Stock Performance

The company has a market cap of $3.82 billion, a PE ratio of 12.04 and a beta of 0.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day moving average of $20.77 and a 200 day moving average of $19.88.

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.