SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Rating Increased to Strong-Buy at Zacks Research

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, TD Securities cut shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, SmartCentres Real Estate Investment Trust currently has an average rating of “Buy”.

SmartCentres Real Estate Investment Trust Price Performance

CWYUF stock opened at $19.78 on Monday. The firm has a 50 day moving average of $19.75 and a 200-day moving average of $19.23. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 16.08 and a beta of 0.85. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.70. SmartCentres Real Estate Investment Trust has a 12-month low of $16.43 and a 12-month high of $20.55.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last released its quarterly 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. SmartCentres Real Estate Investment Trust had a return on equity of 5.01% and a net margin of 38.27%.The business had revenue of $170.52 million for the quarter, compared to analysts’ expectations of $232.74 million. As a group, equities analysts expect that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current fiscal 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.