SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Free Report) - Equities researchers at National Bank Financial increased their FY2024 earnings estimates for shares of SmartCentres Real Estate Investment Trust in a research report issued on Tuesday, October 8th. National Bank Financial analyst M. Kornack now forecasts that the company will post earnings of $1.54 per share for the year, up from their previous estimate of $1.49. National Bank Financial also issued estimates for SmartCentres Real Estate Investment Trust's FY2025 earnings at $1.58 EPS.
SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.52 earnings per share for the quarter. The firm had revenue of $166.68 million during the quarter. SmartCentres Real Estate Investment Trust had a net margin of 34.42% and a return on equity of 4.67%.
Separately, Cibc World Mkts upgraded shares of SmartCentres Real Estate Investment Trust to a "strong-buy" rating in a research note on Monday, August 12th.
Check Out Our Latest Report on SmartCentres Real Estate Investment Trust
SmartCentres Real Estate Investment Trust Stock Performance
Shares of CWYUF stock traded down $0.30 during trading hours on Thursday, reaching $18.34. 7,636 shares of the company's stock were exchanged, compared to its average volume of 17,813. SmartCentres Real Estate Investment Trust has a fifty-two week low of $14.98 and a fifty-two week high of $20.23. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $3.27 billion, a P/E ratio of 13.50 and a beta of 1.16. The business has a fifty day moving average price of $18.70 and a 200-day moving average price of $17.35.
SmartCentres Real Estate Investment Trust Increases Dividend
The firm also recently announced a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.1134 per share. The ex-dividend date is Monday, September 30th. This is an increase from SmartCentres Real Estate Investment Trust's previous dividend of $0.11. This represents a yield of 6.81%. SmartCentres Real Estate Investment Trust's dividend payout ratio is presently 99.28%.
About SmartCentres Real Estate Investment Trust
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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.
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