SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Trading Down 0.2% – Here’s Why

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) traded down 0.2% during mid-day trading on Friday . The company traded as low as $17.84 and last traded at $17.84. 1,143 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 21,758 shares. The stock had previously closed at $17.88.

Wall Street Analysts Forecast Growth

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

SmartCentres Real Estate Investment Trust Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.71, a current ratio of 0.39 and a quick ratio of 0.30. The company’s fifty day moving average is $18.30 and its 200-day moving average is $17.87. The stock has a market cap of $3.18 billion, a PE ratio of 27.03 and a beta of 1.17.

SmartCentres Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.1097 dividend. The ex-dividend date is Friday, November 29th. This represents a yield of 7.31%. SmartCentres Real Estate Investment Trust’s payout ratio is 206.06%.

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.