SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Trading Down 0.2% – Here’s Why

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) dropped 0.2% during mid-day trading on Friday . The stock traded as low as $17.84 and last traded at $17.84. Approximately 1,143 shares were traded during trading, a decline of 95% from the average daily volume of 21,758 shares. The stock had previously closed at $17.88.

Analyst Ratings Changes

Separately, TD Securities upgraded shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th.

SmartCentres Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.30 and a current ratio of 0.39. The firm has a market capitalization of $3.18 billion, a P/E ratio of 27.03 and a beta of 1.17. The stock’s 50 day simple moving average is $18.30 and its 200 day simple moving average is $17.87.

SmartCentres Real Estate Investment Trust Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.1097 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 7.31%. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is 206.06%.

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.