SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sets New 12-Month High – Should You Buy?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $21.54 and last traded at $21.42, with a volume of 19783 shares trading hands. The stock had previously closed at $21.26.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CWYUF shares. TD Securities cut shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Colliers Securities raised shares of SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a report on Thursday, April 16th. Finally, Zacks Research cut shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

SmartCentres Real Estate Investment Trust Trading Up 0.8%

The company has a debt-to-equity ratio of 0.65, a current ratio of 0.28 and a quick ratio of 0.28. The business’s 50 day moving average price is $20.70 and its 200-day moving average price is $19.84. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 12.03 and a beta of 0.84.

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.