SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Rating) had its target price trimmed by National Bank Financial from C$34.00 to C$29.00 in a research report released on Wednesday morning, The Fly reports.

Other equities research analysts have also issued reports about the stock. Scotiabank reduced their target price on shares of SmartCentres Real Estate Investment Trust from C$33.00 to C$32.50 in a report on Monday, May 16th. Canaccord Genuity Group lowered shares of SmartCentres Real Estate Investment Trust from a buy rating to a hold rating in a report on Wednesday, April 6th. Finally, Desjardins reduced their target price on shares of SmartCentres Real Estate Investment Trust from C$33.50 to C$33.00 in a report on Tuesday, May 17th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $32.79.

SmartCentres Real Estate Investment Trust Price Performance

SmartCentres Real Estate Investment Trust stock opened at $22.03 on Wednesday. The firm has a market cap of $3.92 billion, a PE ratio of 12.40 and a beta of 1.09. SmartCentres Real Estate Investment Trust has a 52-week low of $19.95 and a 52-week high of $27.86. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.78. The company's 50 day moving average is $21.94 and its two-hundred day moving average is $23.96.

About SmartCentres Real Estate Investment Trust

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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