SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) fell 0.6% on Wednesday . The stock traded as low as $17.43 and last traded at $17.43. 7,145 shares were traded during mid-day trading, a decline of 69% from the average session volume of 23,333 shares. The stock had previously closed at $17.53.
Analyst Upgrades and Downgrades
Separately, TD Securities raised shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th.
View Our Latest Stock Analysis on CWYUF
SmartCentres Real Estate Investment Trust Stock Performance
SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. SmartCentres Real Estate Investment Trust had a net margin of 30.60% and a return on equity of 4.44%. Equities research analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current year.
SmartCentres Real Estate Investment Trust Increases Dividend
The company also recently declared a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1084 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 7.15%. This is a boost from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11. SmartCentres Real Estate Investment Trust’s dividend payout ratio is 109.48%.
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.
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