SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Rating) was the recipient of a significant growth in short interest in 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 trading volume of 6,100 shares, the days-to-cover ratio is presently 84.8 days.
Analyst Upgrades and Downgrades
Several research firms have commented on CWYUF. Canaccord Genuity Group downgraded shares of SmartCentres Real Estate Investment Trust from a "buy" rating to a "hold" rating in a research note on Wednesday, April 6th. Scotiabank decreased their target price 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, Desjardins decreased their target price on shares of SmartCentres Real Estate Investment Trust from C$33.50 to C$33.00 in a research note on Tuesday, May 17th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $33.50.
Get SmartCentres Real Estate Investment Trust alerts:SmartCentres Real Estate Investment Trust Stock Up 2.9 %
Shares of SmartCentres Real Estate Investment Trust stock opened at $22.03 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The company's fifty day simple moving average is $21.94 and its two-hundred day simple moving average is $23.98. The company has a market cap of $3.92 billion, a P/E ratio of 3.96 and a beta of 1.09. SmartCentres Real Estate Investment Trust has a 12-month low of $19.95 and a 12-month high of $27.86.
About SmartCentres Real Estate Investment Trust
(Get Rating)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
- Get a free copy of the StockNews.com research report on SmartCentres Real Estate Investment Trust (CWYUF)
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