Analysts Set SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Price Target at $32.79
Shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Rating) have received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month objective price among brokers that have updated their coverage on the stock in the last year is $32.79.
A number of analysts have recently weighed in on the stock. Desjardins cut their price objective on shares of SmartCentres Real Estate Investment Trust from C$33.50 to C$33.00 in a research note on Tuesday, May 17th. National Bank Financial decreased their target price on shares in SmartCentres Real Estate Investment Trust from C$34.00 to C$29.00 in a research note on Wednesday, July 20th. Finally, Scotiabank dropped their target price on SmartCentres Real Estate Investment Trust from C$33.00 to C$32.50 in a research report on Monday, May 16th.
Smart Centers Real Estate Investment Trust Stock Performance
Shares of SmartCentres Real Estate Investment Trust stock opened at $23.52 on Thursday. SmartCentres Real Estate Investment Trust has a 12-month low of $19.95 and a 12-month high of $27.86. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 4.22 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The firm’s 50 day simple moving average is $21.81 and its two-hundred day simple moving average is $23.67.
Smart Centers Real Estate Investment Trust Company Profile
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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.
Further Reading
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