SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Increases Dividend to $0.11 Per Share

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) declared a dividend on Wednesday, February 26th, investing.com reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.1084 per share on Monday, March 17th. This represents a dividend yield of 7.15%. The ex-dividend date of this dividend 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 %

Shares of CWYUF traded up $0.30 during trading hours on Wednesday, hitting $18.19. 29,267 shares of the stock were exchanged, compared to its average volume of 23,534. The firm has a market capitalization of $3.24 billion, a P/E ratio of 15.68 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 0.39. SmartCentres Real Estate Investment Trust has a fifty-two week low of $15.82 and a fifty-two week high of $20.23. The business has a 50-day moving average of $17.19 and a 200-day moving average of $18.09.

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

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a 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.