SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Down 8.0% in September

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,378,800 shares, a decline of 8.0% from the September 15th total of 1,498,400 shares. Based on an average daily volume of 28,700 shares, the days-to-cover ratio is presently 48.0 days.

SmartCentres Real Estate Investment Trust Price Performance

Shares of OTCMKTS:CWYUF traded down $0.33 during midday trading on Wednesday, reaching $19.08. 21,552 shares of the company's stock traded hands, compared to its average volume of 17,910. The company has a fifty day simple moving average of $18.88 and a two-hundred day simple moving average of $17.42. SmartCentres Real Estate Investment Trust has a 1 year low of $14.98 and a 1 year high of $20.23. The company has a market cap of $3.40 billion, a P/E ratio of 13.83 and a beta of 1.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.30 and a current ratio of 0.30.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.52 EPS for the quarter. SmartCentres Real Estate Investment Trust had a return on equity of 4.67% and a net margin of 34.42%. The company had revenue of $166.68 million during the quarter. Equities analysts predict that SmartCentres Real Estate Investment Trust will post 1.51 EPS for the current fiscal year.

SmartCentres Real Estate Investment Trust Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a $0.1134 dividend. This represents a dividend yield of 6.81%. This is a boost from SmartCentres Real Estate Investment Trust's previous dividend of $0.11. The ex-dividend date of this dividend was Monday, September 30th. SmartCentres Real Estate Investment Trust's dividend payout ratio is 99.28%.

Analyst Upgrades and Downgrades

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

About SmartCentres Real Estate Investment Trust

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.