SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Posts Earnings Results

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) released its quarterly earnings data on Wednesday. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39, Zacks reports. SmartCentres Real Estate Investment Trust had a net margin of 39.89% and a return on equity of 5.16%.

SmartCentres Real Estate Investment Trust Stock Performance

CWYUF traded up $0.30 during trading on Wednesday, hitting $20.20. 8,404 shares of the stock were exchanged, compared to its average volume of 30,616. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3.60 billion, a P/E ratio of 15.78 and a beta of 0.87. The stock has a fifty day moving average price of $19.11 and a two-hundred day moving average price of $19.06. SmartCentres Real Estate Investment Trust has a 1-year low of $16.43 and a 1-year high of $20.20.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.1099 per share. This represents a dividend yield of 705.0%. The ex-dividend date of this dividend was Friday, November 28th. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is 104.69%.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of SmartCentres Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About SmartCentres Real Estate Investment Trust

SmartCentres Real Estate Investment Trust is a Canada-based real estate investment trust specializing in the ownership, development and management of retail-focused commercial properties. The trust’s portfolio is anchored predominantly by Walmart Canada, complemented by a mix of other national and regional tenants. SmartCentres targets high-traffic, community-centric locations, offering grocery, discount department, service and specialty retailers within its shopping centres.

Originally established in 1994, the trust has grown through a combination of development, strategic acquisitions and redevelopments.