SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Gap Down – Time to Sell?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) gapped down prior to trading on Wednesday. The stock had previously closed at $20.14, but opened at $19.22. SmartCentres Real Estate Investment Trust shares last traded at $19.01, with a volume of 951 shares.

Analysts Set New Price Targets

CWYUF has been the topic of a number of recent research reports. 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. Zacks Research lowered shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. One 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

SmartCentres Real Estate Investment Trust Stock Performance

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 firm has a market cap of $3.32 billion, a price-to-earnings ratio of 24.47 and a beta of 0.83. The company has a fifty day moving average price of $20.26 and a two-hundred day moving average price of $20.49.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last released its earnings results on Thursday, August 6th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.00). SmartCentres Real Estate Investment Trust had a return on equity of 3.13% and a net margin of 21.47%.The firm had revenue of $159.07 million for the quarter, compared to analyst estimates of $162.68 million. As a group, equities research analysts expect that SmartCentres Real Estate Investment Trust will post 1.6 EPS for the current year.

About SmartCentres Real Estate Investment Trust

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.