SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) announced its quarterly earnings data on Wednesday. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01, Zacks reports. SmartCentres Real Estate Investment Trust had a return on equity of 2.46% and a net margin of 17.26%.

SmartCentres Real Estate Investment Trust Price Performance

OTCMKTS:CWYUF traded down $0.09 during midday trading on Wednesday, hitting $17.29. The company had a trading volume of 16,447 shares, compared to its average volume of 22,834. The stock’s fifty day moving average price is $17.24 and its 200-day moving average price is $18.05. SmartCentres Real Estate Investment Trust has a 52-week low of $15.82 and a 52-week high of $20.23. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $3.08 billion, a PE ratio of 26.20 and a beta of 1.17.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.1071 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 7.63%. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 192.42%.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th.

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.