SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Releases Earnings Results, Beats Estimates By $0.01 EPS

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) posted its quarterly earnings data on Wednesday. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate 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 Price Performance

CWYUF stock traded down $0.09 during midday trading on Wednesday, reaching $17.29. 16,447 shares of the company’s stock traded hands, compared to its average volume of 22,834. The company has a 50-day simple moving average of $17.24 and a two-hundred day simple moving average of $18.05. 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 has a 1-year low of $15.82 and a 1-year high of $20.23. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 26.20 and a beta of 1.17.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued 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 payout ratio is currently 192.42%.

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded 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.