SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) announced its quarterly earnings results on Wednesday. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates 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

CWYUF stock opened at $17.29 on Thursday. The firm has a 50 day moving average of $17.22 and a 200-day moving average of $18.04. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $3.08 billion, a P/E ratio of 10.75 and a beta of 1.17. SmartCentres Real Estate Investment Trust has a 12 month low of $15.82 and a 12 month high of $20.23.

SmartCentres Real Estate Investment Trust Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, TD Securities upgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th.

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.