SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Rating) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 539,400 shares, a decrease of 9.9% from the August 15th total of 598,400 shares. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is currently 138.3 days.
SmartCentres Real Estate Investment Trust Price Performance
SmartCentres Real Estate Investment Trust stock opened at $21.28 on Monday. The firm’s 50-day moving average is $22.04 and its two-hundred day moving average is $23.20. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.84 and a quick ratio of 0.84. SmartCentres Real Estate Investment Trust has a 12-month low of $19.95 and a 12-month high of $27.86. The stock has a market capitalization of $3.79 billion, a P/E ratio of 3.66 and a beta of 1.08.
SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Rating) last released its earnings results on Thursday, August 11th. The company reported $0.71 earnings per share (EPS) for the quarter. SmartCentres Real Estate Investment Trust had a net margin of 156.63% and a return on equity of 15.11%. The business had revenue of $155.38 million for the quarter.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. National Bank Financial upped their price objective on shares of SmartCentres Real Estate Investment Trust from C$29.00 to C$30.00 in a research report on Thursday, August 18th. Scotiabank upped their price objective on shares of SmartCentres Real Estate Investment Trust from C$32.50 to C$33.25 in a research report on Wednesday, August 17th. Finally, Industrial Alliance Securities assumed coverage on shares of SmartCentres Real Estate Investment Trust in a research report on Monday. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.04.
SmartCentres Real Estate Investment Trust Company Profile
SmartCentres Real Estate Investment Trust is one of Canada’s largest fully integrated REITs, with a best-in-class portfolio featuring 166 strategically located properties in communities across the country. SmartCentres has approximately $10.4 billion in assets and owns 33.8 million square feet of income producing value-oriented retail space with 97.4% occupancy, on 3,500 acres of owned land across Canada.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider SmartCentres Real Estate Investment Trust, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and SmartCentres Real Estate Investment Trust wasn’t on the list.
While SmartCentres Real Estate Investment Trust currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here