Short Interest in SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Rises By 6.5%

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,200,800 shares, a growth of 6.5% from the January 15th total of 1,127,800 shares. Based on an average trading volume of 11,300 shares, the short-interest ratio is currently 106.3 days.

Analyst Ratings Changes

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

SmartCentres Real Estate Investment Trust Stock Performance

OTCMKTS CWYUF remained flat at $17.60 during trading hours on Tuesday. 9,049 shares of the company’s stock traded hands, compared to its average volume of 21,233. SmartCentres Real Estate Investment Trust has a one year low of $15.82 and a one year high of $20.23. The firm has a fifty day moving average of $17.18 and a 200 day moving average of $18.05. 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 stock has a market cap of $3.14 billion, a P/E ratio of 26.66 and a beta of 1.17.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its earnings results on Wednesday, February 12th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. SmartCentres Real Estate Investment Trust had a net margin of 17.26% and a return on equity of 2.46%. Sell-side analysts expect that SmartCentres Real Estate Investment Trust will post 1.61 earnings per share for the current fiscal year.

SmartCentres Real Estate Investment Trust Cuts Dividend

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

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.