SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) announced its quarterly earnings data on Thursday. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01, Zacks reports. SmartCentres Real Estate Investment Trust had a return on equity of 6.72% and a net margin of 46.42%.

SmartCentres Real Estate Investment Trust Price Performance

SmartCentres Real Estate Investment Trust stock traded down $0.30 during midday trading on Thursday, reaching $20.48. 34,654 shares of the company were exchanged, compared to its average volume of 27,037. SmartCentres Real Estate Investment Trust has a 1 year low of $17.28 and a 1 year high of $22.55. The firm’s 50-day simple moving average is $21.22 and its 200-day simple moving average is $20.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 11.51 and a beta of 0.84.

Wall Street Analysts Forecast Growth

CWYUF has been the topic of a number of recent analyst reports. Colliers Securities raised shares of SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. Zacks Research downgraded SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. One 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

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.