Shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Rating) have been assigned a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $33.50.

A number of analysts have commented on the company. Scotiabank reduced their price objective on SmartCentres Real Estate Investment Trust from C$33.00 to C$32.50 in a research report on Monday, May 16th. Desjardins dropped their target price on SmartCentres Real Estate Investment Trust from C$33.50 to C$33.00 in a report on Tuesday, May 17th. Finally, Canaccord Genuity Group cut SmartCentres Real Estate Investment Trust from a "buy" rating to a "hold" rating in a report on Wednesday, April 6th.

SmartCentres Real Estate Investment Trust Trading Up 0.7 %

Shares of CWYUF stock opened at $20.93 on Friday. The stock has a 50 day moving average of $21.96 and a two-hundred day moving average of $24.03. SmartCentres Real Estate Investment Trust has a 12 month low of $19.95 and a 12 month high of $27.86. The company has a market capitalization of $3.73 billion, a P/E ratio of 11.79 and a beta of 1.09.

SmartCentres Real Estate Investment Trust Company Profile

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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