SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Lowered to Strong Sell Rating by Zacks Research

Key Points

• Zacks Research downgraded SmartCentres Real Estate Investment Trust from “hold” to “strong sell,” despite other analysts issuing more positive ratings. MarketBeat’s consensus rating remains “Moderate Buy.”
• The trust reported a quarterly loss of $0.59 per share, missing the $0.41 consensus estimate, while revenue of $159.07 million also fell short of expectations.
• CWYUF opened at $20.44, with a $3.65 billion market capitalization and a 52-week trading range of $17.28 to $22.55.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Colliers Securities upgraded shares of SmartCentres Real Estate Investment Trust to a "moderate buy" rating in a report on Thursday, April 16th. TD Securities raised 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 investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trust presently has an average rating of "Moderate Buy".

SmartCentres Real Estate Investment Trust Trading Up 0.0%

OTCMKTS CWYUF opened at $20.44 on Monday. The stock has a market cap of $3.65 billion, a P/E ratio of 26.90 and a beta of 0.84. SmartCentres Real Estate Investment Trust has a fifty-two week low of $17.28 and a fifty-two week high of $22.55. The stock has a 50 day simple moving average of $21.19 and a two-hundred day simple moving average of $20.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.28 and a current ratio of 0.28.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) last announced its 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). SmartCentres Real Estate Investment Trust had a net margin of 21.47% and a return on equity of 3.11%. The business had revenue of $159.07 million for the quarter, compared to the consensus estimate of $162.68 million. On average, analysts forecast that SmartCentres Real Estate Investment Trust will post 1.6 earnings per share 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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