SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sees Large Decrease in Short Interest

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 1,378,800 shares, a drop of 8.0% from the September 15th total of 1,498,400 shares. Based on an average trading volume of 28,700 shares, the short-interest ratio is currently 48.0 days.

SmartCentres Real Estate Investment Trust Stock Down 0.6 %

CWYUF opened at $18.97 on Friday. The company’s 50-day moving average price is $18.91 and its two-hundred day moving average price is $17.43. SmartCentres Real Estate Investment Trust has a twelve month low of $14.98 and a twelve month high of $20.23. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.66. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 13.75 and a beta of 1.16.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its earnings results on Thursday, August 8th. The company reported $0.52 earnings per share for the quarter. The business had revenue of $166.68 million for the quarter. SmartCentres Real Estate Investment Trust had a net margin of 34.42% and a return on equity of 4.67%. As a group, equities analysts expect that SmartCentres Real Estate Investment Trust will post 1.51 earnings per share for the current year.

SmartCentres Real Estate Investment Trust Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a $0.1134 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11. This represents a yield of 6.81%. SmartCentres Real Estate Investment Trust’s dividend payout ratio is 99.28%.

Analyst Ratings Changes

Separately, Cibc World Mkts upgraded shares of SmartCentres Real Estate Investment Trust to a “strong-buy” rating in a report on Monday, August 12th.

SmartCentres Real Estate Investment Trust Company Profile

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.