SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.
Separately, TD Securities upgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.
View Our Latest Stock Analysis on SmartCentres Real Estate Investment Trust
SmartCentres Real Estate Investment Trust Price Performance
SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.59) EPS for the quarter, missing the consensus estimate of $0.41 by ($1.00). SmartCentres Real Estate Investment Trust had a return on equity of 3.13% and a net margin of 21.47%. The company had revenue of $159.07 million during the quarter, compared to analysts’ expectations of $162.68 million. On average, sell-side analysts expect that SmartCentres Real Estate Investment Trust will post 1.60 earnings per share for the current year.
SmartCentres Real Estate Investment Trust Company Profile
SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust that owns, develops, leases and manages commercial and residential properties. Its portfolio is primarily focused on retail properties, including shopping centres anchored by major grocery, discount and general-merchandise retailers, as well as mixed-use developments that combine retail, residential and other real estate uses.
The trust’s activities include property operations, tenant leasing, redevelopment and development services.
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