SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Hits New 12-Month High – What’s Next?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) shares hit a new 52-week high during trading on Friday . The stock traded as high as $21.6495 and last traded at $21.6495, with a volume of 200 shares traded. The stock had previously closed at $21.19.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CWYUF shares. Colliers Securities upgraded SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research note on Thursday, April 16th. 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. Finally, Zacks Research cut SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, SmartCentres Real Estate Investment Trust presently has an average rating of “Buy”.

SmartCentres Real Estate Investment Trust Stock Up 1.4%

The stock has a 50 day moving average price of $20.95 and a 200 day moving average price of $20.01. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $3.87 billion, a P/E ratio of 12.18 and a beta of 0.84.

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.