SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Update

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Rating) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totaling 310,200 shares, a drop of 48.9% from the November 15th total of 607,000 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is currently 221.6 days.

Analyst’s Set New Price Targets

A number of analysts have recently issued reports on CWYUF shares. BMO Capital Markets dropped their price target on shares of SmartCentres Real Estate Investment Trust from C$30.00 to C$29.00 in a report on Monday, November 14th. National Bank Financial dropped their price objective on shares of SmartCentres Real Estate Investment Trust from C$30.00 to C$28.00 in a report on Monday, October 24th. Scotiabank dropped their price objective on shares of SmartCentres Real Estate Investment Trust from C$33.25 to C$31.50 in a report on Tuesday, November 15th. Finally, Industrial Alliance Securities initiated coverage on shares of SmartCentres Real Estate Investment Trust in a report on Monday, September 19th. They issued a “hold” rating on the stock.

Smart Centers Real Estate Investment Trust Price Performance

Shares of SmartCentres Real Estate Investment Trust stock traded up $0.53 on Tuesday, hitting $20.20. 165 shares of the company traded hands, compared to its average volume of 2,536. The stock has a market capitalization of $3.60 billion, a P/E ratio of 3.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.84 and a current ratio of 0.84. SmartCentres Real Estate Investment Trust has a 52 week low of $18.16 and a 52 week high of $27.86. The business has a 50-day simple moving average of $19.86 and a 200-day simple moving average of $20.97.

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.

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