SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Receives New Coverage from Analysts at Industrial Alliance Securities

Equities research analysts at Industrial Alliance Securities assumed coverage on shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Rating) in a note issued to investors on Monday, The Fly reports. The firm set a “hold” rating on the stock.

A number of other research firms have also recently commented on CWYUF. National Bank Financial increased their target price on SmartCentres Real Estate Investment Trust from C$29.00 to C$30.00 in a research note on Thursday, August 18th. Scotiabank increased their price objective on SmartCentres Real Estate Investment Trust from C$32.50 to C$33.25 in a research report on Wednesday, August 17th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $33.04.

SmartCentres Real Estate Investment Trust Price Performance

Shares of OTCMKTS CWYUF opened at $21.28 on Monday. The stock’s 50-day simple moving average is $22.04 and its two-hundred day simple moving average is $23.20. SmartCentres Real Estate Investment Trust has a twelve month low of $19.95 and a twelve month high of $27.86. The firm has a market capitalization of $3.79 billion, a P/E ratio of 3.66 and a beta of 1.08. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.76.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Rating) last announced its earnings results on Thursday, August 11th. The company reported $0.71 earnings per share 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.

About SmartCentres Real Estate Investment Trust

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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.

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