Colliers Securities Upgrades SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) to Moderate Buy

Key Points

• Colliers Securities upgraded SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) to a "moderate buy" in a recent research note.
• Other firms including Zacks Research and TD Securities have moved ratings lower, leaving the consensus at "Hold" (one Buy and two Hold ratings reported).
• SmartCentres reported quarterly EPS of $0.51 (beating the $0.39 estimate) but revenue of $170.52M missed estimates of $232.74M; the trust has a market cap of $3.74B and a P/E of 17.06.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) was upgraded by investment analysts at Colliers Securities to a "moderate buy" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

CWYUF has been the subject of a number of other reports. Zacks Research downgraded shares of SmartCentres Real Estate Investment Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. TD Securities cut shares of SmartCentres Real Estate Investment Trust from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, SmartCentres Real Estate Investment Trust has an average rating of "Hold".

SmartCentres Real Estate Investment Trust Price Performance

Shares of CWYUF opened at $20.98 on Thursday. The firm has a market capitalization of $3.74 billion, a PE ratio of 17.06 and a beta of 0.86. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.38 and a quick ratio of 0.38. SmartCentres Real Estate Investment Trust has a 1-year low of $17.28 and a 1-year high of $20.98. The company's fifty day moving average price is $19.91 and its 200-day moving average price is $19.30.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.12. The firm had revenue of $170.52 million for the quarter, compared to analyst estimates of $232.74 million. SmartCentres Real Estate Investment Trust had a net margin of 38.27% and a return on equity of 5.01%. On average, equities research analysts predict that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current year.

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.

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