SmartCentres Real Estate Investment Trust (CWYUF) to Issue Dividend of $0.11 on March 17th

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) declared a dividend on Wednesday, February 26th, investing.com reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.1084 per share on Monday, March 17th. This represents a yield of 7.15%. The ex-dividend date is Friday, February 28th. This is a boost from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11.

SmartCentres Real Estate Investment Trust Trading Up 1.7 %

OTCMKTS CWYUF traded up $0.30 during mid-day trading on Wednesday, reaching $18.19. 29,267 shares of the stock were exchanged, compared to its average volume of 23,534. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market cap of $3.24 billion, a P/E ratio of 15.68 and a beta of 1.17. The stock has a 50 day simple moving average of $17.19 and a 200-day simple moving average of $18.09. SmartCentres Real Estate Investment Trust has a one year low of $15.82 and a one year high of $20.23.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last released its earnings results on Wednesday, February 12th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. SmartCentres Real Estate Investment Trust had a net margin of 30.60% and a return on equity of 4.44%. On average, analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.