SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Increases Dividend to $0.11 Per Share

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) declared a dividend on Wednesday, February 26th, investing.com reports. Investors of record on Monday, March 3rd will be given a dividend of 0.1084 per share on Monday, March 17th. This represents a yield of 7.15%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11.

SmartCentres Real Estate Investment Trust Trading Up 1.7 %

CWYUF stock traded up $0.30 during trading on Wednesday, hitting $18.19. The company had a trading volume of 29,267 shares, compared to its average volume of 23,534. The firm has a market capitalization of $3.24 billion, a P/E ratio of 15.68 and a beta of 1.17. SmartCentres Real Estate Investment Trust has a 52-week low of $15.82 and a 52-week high of $20.23. The company has a 50 day simple moving average of $17.19 and a 200-day simple moving average of $18.09. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.71.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. SmartCentres Real Estate Investment Trust had a net margin of 30.60% and a return on equity of 4.44%. As a group, research analysts forecast that SmartCentres Real Estate Investment Trust will post 1.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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.

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.