SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Issues Quarterly Earnings Results, Beats Estimates 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, topping 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 Trading Down 0.5 %

OTCMKTS:CWYUF traded down $0.09 during mid-day 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 firm has a market cap of $3.08 billion, a P/E ratio of 26.20 and a beta of 1.17. The business’s fifty day moving average is $17.24 and its two-hundred day moving average is $18.05. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.39 and a current ratio of 0.39. SmartCentres Real Estate Investment Trust has a fifty-two week low of $15.82 and a fifty-two week high of $20.23.

SmartCentres Real Estate Investment Trust Cuts Dividend

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

Analyst Ratings Changes

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

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.