SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Down 0.6% - Here's Why

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) fell 0.6% on Wednesday . The stock traded as low as $17.43 and last traded at $17.43. 7,145 shares traded hands during trading, a decline of 69% from the average session volume of 23,333 shares. The stock had previously closed at $17.53.

SmartCentres Real Estate Investment Trust Price Performance

The business has a 50-day moving average of $17.41 and a two-hundred day moving average of $18.02. 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 firm has a market cap of $3.11 billion, a P/E ratio of 15.04 and a beta of 1.16.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.40 earnings per share for the quarter, topping 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%. On average, sell-side analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.52 earnings per share for the current fiscal year.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.1077 dividend. This represents a yield of 7.41%. The ex-dividend date is Monday, March 31st. SmartCentres Real Estate Investment Trust's dividend payout ratio (DPR) is currently 109.48%.

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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.