SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Stock Price Down 1.2% – Time to Sell?

Shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) were down 1.2% during mid-day trading on Monday . The stock traded as low as $16.76 and last traded at $16.76. Approximately 4,020 shares changed hands during trading, a decline of 79% from the average daily volume of 19,469 shares. The stock had previously closed at $16.97.

Wall Street Analysts Forecast Growth

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

SmartCentres Real Estate Investment Trust Stock Down 1.2 %

The stock has a 50 day moving average of $17.59 and a 200 day moving average of $18.07. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 25.39 and a beta of 1.18. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.71.

SmartCentres Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were paid a dividend of $0.1076 per share. This represents a yield of 7.46%. The ex-dividend date of this dividend was Tuesday, December 31st. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 195.45%.

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.