SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Update

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 1,378,800 shares, a drop of 8.0% from the September 15th total of 1,498,400 shares. Based on an average daily volume of 28,700 shares, the short-interest ratio is presently 48.0 days.

Analysts Set New Price Targets

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

SmartCentres Real Estate Investment Trust Stock Performance

OTCMKTS:CWYUF opened at $19.08 on Thursday. The stock has a market cap of $3.40 billion, a P/E ratio of 13.83 and a beta of 1.16. The stock has a 50 day simple moving average of $18.88 and a 200 day simple moving average of $17.42. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.66. SmartCentres Real Estate Investment Trust has a 1-year low of $14.98 and a 1-year high of $20.23.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.52 earnings per share for the quarter. The business had revenue of $166.68 million during the quarter. SmartCentres Real Estate Investment Trust had a return on equity of 4.67% and a net margin of 34.42%. Research analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.51 earnings per share for the current year.

SmartCentres Real Estate Investment Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a $0.1134 dividend. This is a positive change from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11. The ex-dividend date was Monday, September 30th. This represents a dividend yield of 6.81%. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 99.28%.

About SmartCentres Real Estate Investment Trust

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.