SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Upgraded at TD Securities

TD Securities upgraded shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) from a hold rating to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

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

SmartCentres Real Estate Investment Trust Stock Performance

Shares of CWYUF opened at $18.03 on Tuesday. 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 debt-to-equity ratio of 0.66, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $3.21 billion, a P/E ratio of 27.31 and a beta of 1.17. The firm’s 50 day simple moving average is $18.76 and its 200 day simple moving average is $17.72.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.1097 dividend. This represents a yield of 7.31%. The ex-dividend date is Friday, November 29th. SmartCentres Real Estate Investment Trust’s payout ratio is currently 207.58%.

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.