SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Down 35.2% in November
The SmartCentres Real Estate Investment Trust (OTCMKTS: CWYUF) saw a significant decline in short rates in November. As of November 30, there was short interest totaling 686,100 shares, a decrease of 35.2% compared to November 15 from a total of 1,058,800 shares. Based on an average daily trading volume of 3,800 shares, the short interest ratio is currently 180.6 days.
Several research companies have published reports on CWYUF. The Royal Bank of Canada raised its price target for the shares of SmartCentres Real Estate Investment Trust from 33.00 CAD to 34.00 CAD and rated the share in a research report on Friday, November 19th, with “outperform”. BMO Capital Markets raised its target price for the shares of SmartCentres Real Estate Investment Trust from CAD 31.00 to CAD 32.00 and rated the company on Monday the 6th. CIBC raised its target price for the shares of SmartCentres Real Estate Investment Trust from CAD 33.00 to CAD 34.00 and rated the company “outperform” in a research note on Friday, November 12th. Scotiabank raised its target price for the shares of SmartCentres Real Estate Investment Trust from CAD 31.00 to CAD 33.00 and rated the shares as “sector performance” in a research report on Monday, November 15th. Finally, Desjardins raised its target price on the shares of SmartCentres Real Estate Investment Trust from $ 30.00 to $ 33.00 and gave the stock a “hold” rating in a report dated Tuesday, November 16. Five research analysts have given the stock a hold rating and three with a buy rating for the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $ 33.00, according to MarketBeat.
CWYUF shares opened at $ 24.33 on Friday. The SmartCentres Real Estate Investment Trust has a 12-month low of $ 17.70 and a 12-month high of $ 27.18. The company has a market capitalization of $ 4.19 billion, a price / earnings ratio of 17.63, and a beta of 1.15. The company has a quick ratio of 0.95, a current ratio of 0.95, and debt of 0.82. The company has a fifty-day moving average of $ 24.85 and a 200-day moving average of $ 24.34.
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About SmartCenters Real Estate Investment Trust
SmartCentres Real Estate Investment Trust is an open-ended mutual fund trust. The company is focused on developing and owning retail real estate. It also pursues mixed-use development and intensification opportunities, including housing, retirement homes, offices, and self-storage. The company was founded in 1989 and is headquartered in Vaughan, Canada.
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