SmartCentres Real Estate Investment Trst (OTCMKTS:CWYUF) Receives $25.67 Average Price Target from Analysts

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SmartCentres Real Estate Investment Trst (OTCMKTS:CWYUF) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $25.67.

CWYUF has been the subject of a number of research reports. BMO Capital Markets cut SmartCentres Real Estate Investment Trst from an “outperform” rating to a “market perform” rating in a research report on Monday, May 4th. CIBC lowered their price target on SmartCentres Real Estate Investment Trst from $30.50 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. TD Securities cut SmartCentres Real Estate Investment Trst from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine lowered SmartCentres Real Estate Investment Trst from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Finally, Royal Bank of Canada reduced their price objective on SmartCentres Real Estate Investment Trst from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th.

Shares of OTCMKTS:CWYUF traded down $0.49 during trading on Monday, hitting $17.03. The company had a trading volume of 587 shares, compared to its average volume of 4,471. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 10.78 and a beta of 1.16. SmartCentres Real Estate Investment Trst has a one year low of $10.12 and a one year high of $25.96. The company has a fifty day simple moving average of $14.78 and a two-hundred day simple moving average of $19.66.

SmartCentres Real Estate Investment Trst (OTCMKTS:CWYUF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $154.14 million during the quarter. SmartCentres Real Estate Investment Trst had a return on equity of 6.73% and a net margin of 44.40%.

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.111 dividend. This represents a $1.33 annualized dividend and a dividend yield of 7.82%. The ex-dividend date of this dividend is Thursday, May 28th. This is a positive change from SmartCentres Real Estate Investment Trst’s previous monthly dividend of $0.11.

About SmartCentres Real Estate Investment Trst

SmartCentres is one of Canada's largest real estate investment trusts with total assets of approximately $9.5 billion. It owns and manages 34 million square feet of retail space in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants.

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Analyst Recommendations for SmartCentres Real Estate Investment Trst (OTCMKTS:CWYUF)

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