SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Given Consensus Recommendation of “Hold” by Brokerages
SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Rating) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $33.81.
Several equities research analysts recently issued reports on the company. Royal Bank of Canada upped their price target on SmartCentres Real Estate Investment Trust from C$34.00 to C$35.00 in a report on Tuesday, February 22nd. BMO Capital Markets upped their price target on SmartCentres Real Estate Investment Trust from C$32.00 to C$33.00 in a report on Thursday, February 17th. Desjardins upped their price objective on SmartCentres Real Estate Investment Trust from C$33.00 to C$35.50 in a research note on Wednesday, February 23rd. TD Securities upped their price objective on SmartCentres Real Estate Investment Trust from C$32.00 to C$33.00 in a research note on Thursday, February 17th. Finally, Canaccord Genuity Group downgraded SmartCentres Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th.
SmartCentres Real Estate Investment Trust stock traded down $1.06 during trading on Tuesday, hitting $23.31. 1,800 shares of the company were exchanged, compared to its average volume of 1,805. The business’s 50 day moving average is $25.62 and its 200 day moving average is $25.06. SmartCentres Real Estate Investment Trust has a 52 week low of $22.86 and a 52 week high of $27.86. The company has a market capitalization of $4.15 billion, a P/E ratio of 16.89 and a beta of 1.11.
Smart Centers Real Estate Investment Trust Company Profile (Get Rating)
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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