SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Hits New 1-Year Low - Time to Sell?

Key Points

• SmartCentres REIT fell to a new 52-week low of $17.16, down from its previous close of $18.79, while its 50-day and 200-day moving averages remain above $20.
• Analyst sentiment is mixed: Zacks Research downgraded the stock to “strong sell,” while TD Securities upgraded it to “strong buy.” Overall, the shares carry a “Moderate Buy” consensus rating.
• The trust missed quarterly expectations, reporting a loss of $0.59 per share versus an expected $0.41 profit, while revenue of $159.07 million also came in below estimates.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $17.16 and last traded at $17.16, with a volume of 2000 shares changing hands. The stock had previously closed at $18.79.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research lowered shares of SmartCentres Real Estate Investment Trust from a "hold" rating to a "strong sell" rating in a research note on Monday, August 10th. TD Securities upgraded shares of SmartCentres Real Estate Investment Trust from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

SmartCentres Real Estate Investment Trust Stock Performance

The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.61. The firm has a 50-day simple moving average of $20.15 and a 200 day simple moving average of $20.48. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 22.58 and a beta of 0.83.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($1.00). The firm had revenue of $159.07 million during the quarter, compared to analyst estimates of $162.68 million. SmartCentres Real Estate Investment Trust had a net margin of 21.47% and a return on equity of 3.13%. On average, sell-side analysts predict that SmartCentres Real Estate Investment Trust will post 1.6 earnings per share for the current fiscal 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 income-producing commercial and residential properties. Its portfolio is anchored by retail properties, including shopping centres and other sites serving everyday consumer needs, alongside growing interests in residential and mixed-use developments.

The trust's retail properties are located primarily in Canada and are often situated in established urban and suburban markets with access to major transportation routes.

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