SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) released its quarterly earnings results on Wednesday. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.12, Zacks reports. SmartCentres Real Estate Investment Trust had a return on equity of 5.02% and a net margin of 38.27%.The company had revenue of $170.52 million during the quarter, compared to the consensus estimate of $232.74 million.

SmartCentres Real Estate Investment Trust Stock Performance

Shares of CWYUF stock opened at $19.83 on Friday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.58. The company has a market cap of $3.54 billion, a PE ratio of 16.12 and a beta of 0.87. The company’s fifty day simple moving average is $19.21 and its 200-day simple moving average is $19.08. SmartCentres Real Estate Investment Trust has a 52 week low of $16.43 and a 52 week high of $20.20.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.1099 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 705.0%. SmartCentres Real Estate Investment Trust’s dividend payout ratio is presently 105.47%.

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 research note on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

SmartCentres Real Estate Investment Trust Company Profile

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.