SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Announces Dividend Increase – $0.11 Per Share

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) announced a dividend on Wednesday, February 26th, investing.com reports. Shareholders of record on Monday, March 3rd will be paid 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 Price Performance

Shares of CWYUF stock traded up $0.30 during midday trading on Wednesday, reaching $18.19. 29,267 shares of the company were exchanged, compared to its average volume of 23,534. SmartCentres Real Estate Investment Trust has a 12 month low of $15.82 and a 12 month high of $20.23. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.39 and a current ratio of 0.39. The company’s 50 day moving average price is $17.19 and its two-hundred day moving average price is $18.09. The company has a market cap of $3.24 billion, a P/E ratio of 15.68 and a beta of 1.17.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last issued its earnings results on Wednesday, February 12th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. SmartCentres Real Estate Investment Trust had a return on equity of 4.44% and a net margin of 30.60%. On average, sell-side analysts expect that SmartCentres Real Estate Investment Trust will post 1.52 earnings per share for the current year.

Analysts Set New Price Targets

Separately, TD Securities raised 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 Company Profile

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.