SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Upgraded to “Strong-Buy” by Cibc World Mkts

Cibc World Mkts upgraded shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) to a strong-buy rating in a report issued on Monday, Zacks.com reports.

Separately, BMO Capital Markets raised SmartCentres Real Estate Investment Trust to a hold rating in a report on Friday, May 17th.

SmartCentres Real Estate Investment Trust Price Performance

Shares of CWYUF opened at $17.26 on Monday. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 12.51 and a beta of 1.15. SmartCentres Real Estate Investment Trust has a 1 year low of $14.98 and a 1 year high of $19.20. The business’s 50 day simple moving average is $16.76 and its 200-day simple moving average is $16.94. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.32 and a quick ratio of 0.32.

SmartCentres Real Estate Investment Trust Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.1125 per share. The ex-dividend date was Wednesday, July 31st. This represents a dividend yield of 7.84%. This is an increase from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11. SmartCentres Real Estate Investment Trust’s payout ratio is currently 97.10%.

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.