SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Reaches New 1-Year High – Should You Buy?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $22.55 and last traded at $22.55, with a volume of 150 shares changing hands. The stock had previously closed at $21.7060.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CWYUF shares. Colliers Securities raised SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a report on Thursday, April 16th. TD Securities upgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Finally, Zacks Research cut SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, SmartCentres Real Estate Investment Trust currently has a consensus rating of “Buy”.

SmartCentres Real Estate Investment Trust Trading Down 2.4%

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 company has a market cap of $3.75 billion, a price-to-earnings ratio of 11.82 and a beta of 0.84. The business’s fifty day moving average price is $21.17 and its 200 day moving average price is $20.40.

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.