SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Receives Average Rating of “Hold” from Brokerages

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SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Rating) has earned an average rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $33.50.

Several equities research analysts recently issued reports on CWYUF shares. Scotiabank decreased their price target on SmartCentres Real Estate Investment Trust from C$33.00 to C$32.50 in a report on Monday, May 16th. Desjardins reduced 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. Royal Bank of Canada raised their price target on shares of SmartCentres Real Estate Investment Trust from C$34.00 to C$35.00 in a research report on Tuesday, February 22nd. Finally, Canaccord Genuity Group downgraded shares of SmartCentres Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th.

CWYUF stock opened at $21.22 on Wednesday. The company has a market capitalization of $3.78 billion, a P/E ratio of 15.38 and a beta of 1.11. SmartCentres Real Estate Investment Trust has a 52-week low of $20.29 and a 52-week high of $27.86. The business has a 50-day simple moving average of $23.35 and a two-hundred day simple moving average of $24.43.

SmartCentres Real Estate Investment Trust Company Profile (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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