SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Gap Up – Here’s What Happened

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $19.70, but opened at $20.6423. SmartCentres Real Estate Investment Trust shares last traded at $20.61, with a volume of 375 shares traded.

Analysts Set New Price Targets

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

SmartCentres Real Estate Investment Trust Stock Performance

The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market cap of $3.71 billion, a P/E ratio of 11.70 and a beta of 0.85. The company’s 50 day moving average price is $20.15 and its 200-day moving average price is $19.56.

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.