SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sets New 12-Month High – Time to Buy?

Shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) hit a new 52-week high during trading on Friday . The company traded as high as $20.00 and last traded at $19.18, with a volume of 4180 shares traded. The stock had previously closed at $18.83.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SmartCentres Real Estate Investment Trust presently has a consensus rating of “Sell”.

SmartCentres Real Estate Investment Trust Trading Up 1.9%

The stock has a market capitalization of $3.42 billion, a P/E ratio of 14.98 and a beta of 0.86. The stock’s 50 day moving average price is $18.67 and its 200-day moving average price is $18.91. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.58.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $164.62 million during the quarter, compared to the consensus estimate of $223.98 million. SmartCentres Real Estate Investment Trust had a return on equity of 5.16% and a net margin of 39.89%. As a group, equities research analysts expect that SmartCentres Real Estate Investment Trust will post 1.52 earnings per share for the current year.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.1099 per share. This represents a dividend yield of 705.0%. The ex-dividend date was Friday, November 28th. SmartCentres Real Estate Investment Trust’s dividend payout ratio is 104.69%.

SmartCentres Real Estate Investment Trust Company Profile

SmartCentres Real Estate Investment Trust is a Canada-based real estate investment trust specializing in the ownership, development and management of retail-focused commercial properties. The trust’s portfolio is anchored predominantly by Walmart Canada, complemented by a mix of other national and regional tenants. SmartCentres targets high-traffic, community-centric locations, offering grocery, discount department, service and specialty retailers within its shopping centres.

Originally established in 1994, the trust has grown through a combination of development, strategic acquisitions and redevelopments.