SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Stock Price Down 0.5% – What’s Next?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) dropped 0.5% during trading on Tuesday . The stock traded as low as $17.90 and last traded at $17.90. Approximately 17,911 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 17,717 shares. The stock had previously closed at $17.99.

Analyst Ratings Changes

Separately, Cibc World Mkts raised shares of SmartCentres Real Estate Investment Trust to a “strong-buy” rating in a research note on Monday, August 12th.

SmartCentres Real Estate Investment Trust Price Performance

The company’s 50 day moving average is $18.94 and its 200-day moving average is $17.66. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 14.79 and a beta of 1.17. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.66.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.1118 per share. This represents a dividend yield of 7.16%. The ex-dividend date is Thursday, October 31st. SmartCentres Real Estate Investment Trust’s payout ratio is presently 113.22%.

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.