SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Rating) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 517,400 shares, a growth of 26.7% from the June 15th total of 408,500 shares. Based on an average daily volume of 6,100 shares, the short-interest ratio is currently 84.8 days.

SmartCentres Real Estate Investment Trust Stock Performance

Shares of CWYUF opened at $22.03 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.17. SmartCentres Real Estate Investment Trust has a 1 year low of $19.95 and a 1 year high of $27.86. The company has a 50 day simple moving average of $21.94 and a two-hundred day simple moving average of $23.96. The firm has a market cap of $3.92 billion, a P/E ratio of 3.96 and a beta of 1.09.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Desjardins lowered their price objective on shares of SmartCentres Real Estate Investment Trust from C$33.50 to C$33.00 in a research note on Tuesday, May 17th. Canaccord Genuity Group cut shares of SmartCentres Real Estate Investment Trust from a "buy" rating to a "hold" rating in a research note on Wednesday, April 6th. Scotiabank lowered their price objective on shares of SmartCentres Real Estate Investment Trust from C$33.00 to C$32.50 in a research note on Monday, May 16th. Finally, National Bank Financial reduced their target price on shares of SmartCentres Real Estate Investment Trust from C$34.00 to C$29.00 in a report on Wednesday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, SmartCentres Real Estate Investment Trust presently has an average rating of "Hold" and a consensus price target of $32.79.

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.

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