SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Cross Above Fifty Day Moving Average – What’s Next?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF)’s stock price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $19.25 and traded as high as $19.3920. SmartCentres Real Estate Investment Trust shares last traded at $19.3920, with a volume of 652,958 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of SmartCentres Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 8th. One investment 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. According to MarketBeat.com, the company has a consensus rating of “Buy”.

SmartCentres Real Estate Investment Trust Stock Performance

The company has a market capitalization of $3.46 billion, a P/E ratio of 25.52 and a beta of 0.84. The firm has a 50 day moving average price of $19.25 and a two-hundred day moving average price of $20.18. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.22 and a current ratio of 0.22.

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 the consensus estimate of $0.41 by ($1.00). The company 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 return on equity of 3.13% and a net margin of 21.47%. On average, research analysts expect that SmartCentres Real Estate Investment Trust will post 1.60 earnings per share for the current fiscal year.

SmartCentres Real Estate Investment Trust Company Profile

SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust that owns, develops and manages a portfolio of retail and mixed-use properties. The trust is best known for shopping centres anchored by major retailers, including Walmart locations, and serves consumers and commercial tenants across Canada.

In addition to its retail properties, SmartCentres has expanded into residential and mixed-use development. Its projects may combine shopping, multifamily housing, office space, self-storage and other complementary uses, allowing the trust to create larger, integrated communities around established retail locations.

SmartCentres traces its roots to the development of Walmart-anchored shopping centres in Canada and has grown into one of the country’s prominent retail-focused real estate platforms.