Zacks Research Downgrades SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) to Strong Sell

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

Other research analysts also recently issued reports about the company. TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Colliers Securities raised SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

SmartCentres Real Estate Investment Trust Stock Up 0.0%

Shares of SmartCentres Real Estate Investment Trust stock opened at $20.44 on Monday. The company has a 50-day simple moving average of $21.19 and a two-hundred day simple moving average of $20.53. The stock has a market capitalization of $3.65 billion, a PE ratio of 26.90 and a beta of 0.84. SmartCentres Real Estate Investment Trust has a 52-week low of $17.28 and a 52-week high of $22.55. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.28 and a current ratio of 0.28.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($1.00). The firm had revenue of $159.07 million for the quarter, compared to the consensus estimate of $162.68 million. SmartCentres Real Estate Investment Trust had a net margin of 21.47% and a return on equity of 3.11%. On average, analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.6 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.