Cibc World Mkts upgraded shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Free Report) 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.
Check Out Our Latest Analysis on CWYUF
SmartCentres Real Estate Investment Trust Price Performance
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.
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