Short Interest in SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Grows By 38.3%

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,660,600 shares, an increase of 38.3% from the November 30th total of 1,201,100 shares. Based on an average daily volume of 103,000 shares, the short-interest ratio is presently 16.1 days.

SmartCentres Real Estate Investment Trust Stock Down 0.6 %

Shares of CWYUF stock traded down $0.07 during trading hours on Monday, reaching $16.97. The company had a trading volume of 5,121 shares, compared to its average volume of 21,409. The business has a fifty day simple moving average of $17.98 and a 200-day simple moving average of $17.96. SmartCentres Real Estate Investment Trust has a 12 month low of $15.82 and a 12 month high of $20.23. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 25.71 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.39 and a quick ratio of 0.30.

SmartCentres Real Estate Investment Trust Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be paid a $0.1076 dividend. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 7.46%. SmartCentres Real Estate Investment Trust’s payout ratio is presently 206.06%.

Wall Street Analysts Forecast Growth

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.

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.