SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sees Significant Increase in Short Interest

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,379,100 shares, a growth of 9.0% from the August 15th total of 1,265,700 shares. Based on an average daily trading volume, of 11,400 shares, the days-to-cover ratio is currently 121.0 days.

SmartCentres Real Estate Investment Trust Stock Performance

Shares of OTCMKTS:CWYUF remained flat at $19.95 during mid-day trading on Tuesday. 5 shares of the company were exchanged, compared to its average volume of 17,504. The stock has a fifty day moving average of $17.98 and a 200 day moving average of $17.07. SmartCentres Real Estate Investment Trust has a 1-year low of $14.98 and a 1-year high of $20.23. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 14.46 and a beta of 1.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.30 and a current ratio of 0.30.

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 company 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%.

SmartCentres Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were given a $0.1125 dividend. This represents a dividend yield of 7.47%. The ex-dividend date was Friday, August 30th. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 97.10%.

Analyst Ratings Changes

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

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.