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 significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,379,100 shares, an increase 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 presently 121.0 days.

Analysts Set New Price Targets

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

SmartCentres Real Estate Investment Trust Price Performance

Shares of SmartCentres Real Estate Investment Trust stock remained flat at $19.95 on Tuesday. The stock had a trading volume of 5 shares, compared to its average volume of 17,504. The firm has a market capitalization of $3.55 billion, a PE ratio of 14.46 and a beta of 1.16. SmartCentres Real Estate Investment Trust has a 52 week low of $14.98 and a 52 week high of $20.23. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average price of $17.98 and a 200 day moving average price of $17.07.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $166.68 million for the quarter. SmartCentres Real Estate Investment Trust had a return on equity of 4.67% and a net margin of 34.42%.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were given a dividend of $0.1125 per share. This represents a yield of 7.47%. The ex-dividend date of this dividend was Friday, August 30th. SmartCentres Real Estate Investment Trust’s dividend payout ratio is currently 97.10%.

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.