SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sees Significant Decline in Short Interest

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Rating) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 539,400 shares, a decrease of 9.9% from the August 15th total of 598,400 shares. Based on an average trading volume of 3,900 shares, the days-to-cover ratio is presently 138.3 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CWYUF shares. Industrial Alliance Securities started coverage on SmartCentres Real Estate Investment Trust in a research report on Monday. They set a “hold” rating on the stock. Scotiabank increased their price objective on SmartCentres Real Estate Investment Trust from C$32.50 to C$33.25 in a research report on Wednesday, August 17th. Finally, National Bank Financial increased their price objective on SmartCentres Real Estate Investment Trust from C$29.00 to C$30.00 in a research report on Thursday, August 18th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $33.04.

SmartCentres Real Estate Investment Trust Price Performance

CWYUF opened at $20.29 on Wednesday. The stock’s 50 day simple moving average is $22.02 and its 200 day simple moving average is $23.15. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.84 and a quick ratio of 0.84. SmartCentres Real Estate Investment Trust has a 1 year low of $19.95 and a 1 year high of $27.86. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 3.49 and a beta of 1.08.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Rating) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.71 earnings per share (EPS) for the quarter. SmartCentres Real Estate Investment Trust had a return on equity of 15.11% and a net margin of 156.63%. The business had revenue of $155.38 million for the quarter.

SmartCentres Real Estate Investment Trust Company Profile

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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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