SmartCentres Real Estate Investment Trust (CWYUF) to Release Quarterly Earnings on Wednesday

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) is projected to announce its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $240.05 million for the quarter.

SmartCentres Real Estate Investment Trust Stock Up 0.5 %

CWYUF stock opened at $17.44 on Tuesday. The business’s 50-day moving average is $17.26 and its two-hundred day moving average is $18.05. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 26.42 and a beta of 1.17. SmartCentres Real Estate Investment Trust has a fifty-two week low of $15.82 and a fifty-two week high of $20.23. 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 Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, TD Securities upgraded 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 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.