SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Up 9.0% in August

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was the target of a large increase in short interest in 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 currently 121.0 days.

Analyst Ratings Changes

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

SmartCentres Real Estate Investment Trust Stock Performance

Shares of CWYUF stock remained flat at $19.95 during trading hours on Tuesday. 5 shares of the stock traded hands, compared to its average volume of 17,504. The company has a market cap of $3.55 billion, a PE ratio of 14.46 and a beta of 1.16. SmartCentres Real Estate Investment Trust has a twelve month low of $14.98 and a twelve month high of $20.23. The firm has a 50 day moving average price of $17.98 and a 200-day moving average price of $17.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.30 and a quick ratio of 0.30.

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

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were issued a $0.1125 dividend. This represents a dividend yield of 7.47%. The ex-dividend date of this dividend was Friday, August 30th. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.