SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Issues Earnings Results

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) issued its quarterly earnings results on Wednesday. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01, Zacks reports. SmartCentres Real Estate Investment Trust had a net margin of 17.26% and a return on equity of 2.46%.

SmartCentres Real Estate Investment Trust Price Performance

OTCMKTS CWYUF opened at $17.60 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.71. SmartCentres Real Estate Investment Trust has a 12 month low of $15.82 and a 12 month high of $20.23. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 26.66 and a beta of 1.17. The company’s 50 day moving average is $17.20 and its two-hundred day moving average is $18.04.

SmartCentres Real Estate Investment Trust Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.1071 dividend. This represents a yield of 7.63%. The ex-dividend date of this dividend is Friday, January 31st. SmartCentres Real Estate Investment Trust’s dividend payout ratio is 192.42%.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised 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.