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 stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

SmartCentres Real Estate Investment Trust Trading Up 0.7%

Shares of SmartCentres Real Estate Investment Trust stock opened at $18.63 on Monday. The firm has a market cap of $3.32 billion, a PE ratio of 14.55 and a beta of 0.85. The stock has a fifty day moving average price of $18.74 and a 200-day moving average price of $18.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.21 and a quick ratio of 0.21. SmartCentres Real Estate Investment Trust has a 1 year low of $15.99 and a 1 year high of $19.86.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.08). The business had revenue of $164.62 million during the quarter, compared to the consensus estimate of $223.98 million. SmartCentres Real Estate Investment Trust had a return on equity of 5.16% and a net margin of 39.89%. Equities research analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current year.

About SmartCentres Real Estate Investment Trust

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.