Zacks Research Upgrades SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) to Strong-Buy

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, TD Securities downgraded SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trust currently has a consensus rating of “Buy”.

SmartCentres Real Estate Investment Trust Price Performance

Shares of OTCMKTS:CWYUF opened at $19.78 on Monday. SmartCentres Real Estate Investment Trust has a one year low of $16.43 and a one year high of $20.55. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 16.08 and a beta of 0.85. The company has a 50-day simple moving average of $19.75 and a 200-day simple moving average of $19.23. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.38 and a current ratio of 0.38.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. The firm had revenue of $170.52 million for the quarter, compared to analyst estimates of $232.74 million. SmartCentres Real Estate Investment Trust had a return on equity of 5.01% and a net margin of 38.27%. On average, analysts predict that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current year.

SmartCentres Real Estate Investment Trust Company Profile

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.