SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Declares Dividend Increase - $0.11 Per Share

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) announced a dividend on Wednesday, February 26th, investing.com reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.1084 per share on Monday, March 17th. This represents a yield of 7.15%. The ex-dividend date is Friday, February 28th. This is a positive change from SmartCentres Real Estate Investment Trust's previous dividend of $0.11.

SmartCentres Real Estate Investment Trust Stock Up 0.6 %

Shares of CWYUF traded up $0.11 during midday trading on Friday, hitting $18.27. 36,257 shares of the company's stock traded hands, compared to its average volume of 23,458. SmartCentres Real Estate Investment Trust has a 1 year low of $15.82 and a 1 year high of $20.23. The firm's fifty day moving average is $17.25 and its 200-day moving average is $18.10. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 15.75 and a beta of 1.17.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. SmartCentres Real Estate Investment Trust had a return on equity of 4.44% and a net margin of 30.60%. As a group, sell-side analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.52 earnings per share for the current year.

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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 note 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.