SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Gap Down – Here’s What Happened

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $21.5660, but opened at $19.4465. SmartCentres Real Estate Investment Trust shares last traded at $19.45, with a volume of 514 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. TD Securities upgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. Colliers Securities raised SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a report on Thursday, April 16th. Finally, Zacks Research downgraded 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 given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trust presently has a consensus rating of “Buy”.

SmartCentres Real Estate Investment Trust Stock Down 1.9%

The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.65. The stock has a 50-day simple moving average of $20.98 and a two-hundred day simple moving average of $20.07. The firm has a market cap of $3.74 billion, a PE ratio of 11.80 and a beta of 0.84.

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.