SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) is anticipated to issue its results after the market closes on Thursday, August 6th. Analysts expect the company to announce earnings of $0.41 per share and revenue of $162.6810 million for the quarter.
SmartCentres Real Estate Investment Trust Price Performance
OTCMKTS:CWYUF opened at $21.07 on Tuesday. SmartCentres Real Estate Investment Trust has a 52-week low of $17.28 and a 52-week high of $22.55. The stock has a fifty day moving average of $21.24 and a 200 day moving average of $20.50. 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 firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 11.83 and a beta of 0.84.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Colliers Securities raised SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a report on Thursday, April 16th. TD Securities raised 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 shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. One 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 data from MarketBeat.com, the company currently has an average 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.
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