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SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Down 2% - Time to Sell?

SmartCentres Real Estate Investment Trust logo with Finance background

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report)'s stock price traded down 2% on Monday . The stock traded as low as $17.98 and last traded at $17.98. 25,295 shares were traded during mid-day trading, a decline of 9% from the average session volume of 27,805 shares. The stock had previously closed at $18.34.

SmartCentres Real Estate Investment Trust Stock Performance

The company has a debt-to-equity ratio of 0.71, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market cap of $3.25 billion, a P/E ratio of 15.74 and a beta of 0.93. The stock has a 50-day simple moving average of $17.72 and a 200-day simple moving average of $17.72.

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

SmartCentres Real Estate Investment Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.1542 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from SmartCentres Real Estate Investment Trust's previous dividend of $0.11. This represents a dividend yield of 10.14%. SmartCentres Real Estate Investment Trust's dividend payout ratio is 110.34%.

About SmartCentres Real Estate Investment Trust

(Get Free Report)

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.

Further Reading

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