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.
Get SmartCentres Real Estate Investment Trust alerts: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
(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.
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