SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Gap Down – Here’s Why

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) gapped down before the market opened on Wednesday . The stock had previously closed at $19.37, but opened at $18.47. SmartCentres Real Estate Investment Trust shares last traded at $19.40, with a volume of 30,750 shares traded.

SmartCentres Real Estate Investment Trust Stock Performance

The company has a market cap of $3.45 billion, a price-to-earnings ratio of 17.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a 50-day moving average price of $18.81 and a 200 day moving average price of $18.27.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.1124 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a dividend yield of 715.0%. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 117.70%.

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.