SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Hits New 1-Year Low – Time to Sell?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) shares hit a new 52-week low on Tuesday. The stock traded as low as $17.16 and last traded at $17.16, with a volume of 2000 shares. The stock had previously closed at $18.79.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CWYUF. Zacks Research lowered SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

SmartCentres Real Estate Investment Trust Trading Down 9.2%

The business’s 50-day moving average is $20.15 and its two-hundred day moving average is $20.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market capitalization of $3.06 billion, a PE ratio of 22.58 and a beta of 0.83.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($1.00). The firm had revenue of $159.07 million during the quarter, compared to analyst estimates of $162.68 million. SmartCentres Real Estate Investment Trust had a net margin of 21.47% and a return on equity of 3.13%. As a group, equities research analysts anticipate 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 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.