SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Down 0.6% – What’s Next?

Shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) were down 0.6% during trading on Wednesday . The company traded as low as $17.43 and last traded at $17.43. Approximately 7,145 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 23,333 shares. The stock had previously closed at $17.53.

SmartCentres Real Estate Investment Trust Stock Up 0.5 %

The stock’s fifty day moving average price is $17.40 and its 200 day moving average price is $18.04. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.71. The stock has a market cap of $3.11 billion, a P/E ratio of 15.04 and a beta of 1.16.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last released its earnings results on Wednesday, February 12th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. SmartCentres Real Estate Investment Trust had a return on equity of 4.44% and a net margin of 30.60%. As a group, research analysts forecast that SmartCentres Real Estate Investment Trust will post 1.52 earnings per share for the current fiscal year.

SmartCentres Real Estate Investment Trust Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.1084 per share. This represents a dividend yield of 7.15%. This is a boost from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11. The ex-dividend date was Friday, February 28th. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 109.48%.

About SmartCentres Real Estate Investment Trust

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.