SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Rating Lowered to “Hold” at TD Securities

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was downgraded by research analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Separately, Zacks Research raised shares of SmartCentres Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

SmartCentres Real Estate Investment Trust Stock Down 0.1%

SmartCentres Real Estate Investment Trust stock opened at $20.13 on Thursday. The company’s 50-day moving average price is $19.69 and its two-hundred day moving average price is $19.22. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.59 billion, a P/E ratio of 16.37 and a beta of 0.85. SmartCentres Real Estate Investment Trust has a twelve month low of $16.43 and a twelve month high of $20.55.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its earnings results on Wednesday, February 11th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. The company had revenue of $170.52 million during the quarter, compared to the consensus estimate of $232.74 million. SmartCentres Real Estate Investment Trust had a return on equity of 5.02% and a net margin of 38.27%. As a group, analysts expect that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current year.

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.