SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Announces Earnings Results, Beats Estimates By $0.01 EPS

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01, Zacks reports. SmartCentres Real Estate Investment Trust had a return on equity of 2.46% and a net margin of 17.26%.

SmartCentres Real Estate Investment Trust Stock Performance

Shares of CWYUF stock remained flat at $17.60 during midday trading on Friday. The company's stock had a trading volume of 9,049 shares, compared to its average volume of 21,233. SmartCentres Real Estate Investment Trust has a 1 year low of $15.82 and a 1 year high of $20.23. The company has a 50-day simple moving average of $17.19 and a 200 day simple moving average of $18.05. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 26.66 and a beta of 1.17.

SmartCentres Real Estate Investment Trust Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.1071 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 7.63%. SmartCentres Real Estate Investment Trust's dividend payout ratio (DPR) is 192.42%.

Analysts Set New Price Targets

Separately, TD Securities upgraded 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 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.