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

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

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

SmartCentres Real Estate Investment Trust Price Performance

Shares of OTCMKTS CWYUF traded down $0.13 on Tuesday, hitting $18.04. The company's stock had a trading volume of 39,772 shares, compared to its average volume of 17,742. The stock has a 50 day moving average of $18.82 and a 200-day moving average of $17.71. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 27.33 and a beta of 1.17. SmartCentres Real Estate Investment Trust has a 12-month low of $15.82 and a 12-month 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.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.1118 per share. This represents a yield of 7.16%. The ex-dividend date of this dividend was Thursday, October 31st. SmartCentres Real Estate Investment Trust's dividend payout ratio is presently 207.58%.

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.