SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Hits New 12-Month High at $19.32

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $19.32 and last traded at $19.27, with a volume of 2847 shares. The stock had previously closed at $18.95.

Analysts Set New Price Targets

A number of analysts have commented on CWYUF shares. Cibc World Mkts upgraded SmartCentres Real Estate Investment Trust to a “strong-buy” rating in a research report on Monday, August 12th. BMO Capital Markets upgraded SmartCentres Real Estate Investment Trust to a “hold” rating in a research report on Friday, May 17th.

SmartCentres Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 0.67, a current ratio of 0.32 and a quick ratio of 0.32. The company has a 50-day moving average price of $17.52 and a 200-day moving average price of $16.99. The firm has a market capitalization of $3.37 billion, a PE ratio of 13.97 and a beta of 1.16.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.52 earnings per share (EPS) for the quarter. SmartCentres Real Estate Investment Trust had a return on equity of 4.65% and a net margin of 34.42%. The business had revenue of $166.68 million for the quarter.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 2nd will be given a $0.1125 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a dividend yield of 7.47%. SmartCentres Real Estate Investment Trust’s dividend payout ratio is currently 97.10%.

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.