SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Hits New 1-Year High – What’s Next?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF)’s share price reached a new 52-week high on Tuesday . The company traded as high as $21.2615 and last traded at $21.26, with a volume of 6977 shares. The stock had previously closed at $20.8250.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Zacks Research lowered SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. TD Securities downgraded SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Colliers Securities raised SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

SmartCentres Real Estate Investment Trust Stock Performance

The business has a 50-day moving average price of $20.50 and a 200-day moving average price of $19.75. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 11.94 and a beta of 0.84. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.65.

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.