SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Rating Lowered to “Strong Sell” at Zacks Research

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

CWYUF has been the topic of several other reports. Colliers Securities raised SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SmartCentres Real Estate Investment Trust currently has a consensus rating of “Moderate Buy”.

SmartCentres Real Estate Investment Trust Stock Performance

Shares of CWYUF opened at $20.44 on Monday. The business’s fifty day simple moving average is $21.19 and its two-hundred day simple moving average is $20.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.65. SmartCentres Real Estate Investment Trust has a 12 month low of $17.28 and a 12 month high of $22.55. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 26.90 and a beta of 0.84.

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