SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Upgraded by TD Securities to Strong-Buy Rating

TD Securities upgraded shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) from a hold rating to a strong-buy rating in a report released on Monday,Zacks.com reports.

CWYUF has been the topic of a number of other research reports. Zacks Research lowered SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Colliers Securities raised SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

SmartCentres Real Estate Investment Trust Stock Performance

CWYUF stock opened at $21.42 on Monday. The business’s 50-day moving average price is $20.70 and its two-hundred day moving average price is $19.84. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.65. The firm has a market cap of $3.82 billion, a PE ratio of 12.03 and a beta of 0.84. SmartCentres Real Estate Investment Trust has a 1-year low of $17.28 and a 1-year high of $21.54.

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.