SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Stock Price Down 6.9% - Here's Why

Key Points

• SmartCentres shares fell 6.9% to $18.7420, with trading volume plunging 96% below the average daily level.
• Analyst views are mixed: Zacks Research downgraded the stock to “strong sell,” while TD Securities upgraded it to “strong buy.” Overall, MarketBeat reports a “Moderate Buy” consensus.
• The trust missed quarterly expectations, reporting a loss of $0.59 per share versus the $0.41 consensus estimate and revenue of $159.07 million versus $162.68 million expected.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) shares dropped 6.9% on Thursday . The company traded as low as $18.7420 and last traded at $18.7420. Approximately 960 shares were traded during trading, a decline of 96% from the average daily volume of 25,998 shares. The stock had previously closed at $20.14.

Analysts Set New Price Targets

Several brokerages recently issued reports on CWYUF. Zacks Research downgraded 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 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 issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SmartCentres Real Estate Investment Trust has a consensus rating of "Moderate Buy".

SmartCentres Real Estate Investment Trust Price Performance

The company's 50-day moving average price is $20.32 and its two-hundred day moving average price is $20.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.22 and a quick ratio of 0.22. The company has a market capitalization of $3.33 billion, a P/E ratio of 24.61 and a beta of 0.83.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.59) EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($1.00). The company 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%. As a group, sell-side analysts expect that SmartCentres Real Estate Investment Trust will post 1.6 EPS 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 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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