Short Interest in SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Rises By 38.3%

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,660,600 shares, an increase of 38.3% from the November 30th total of 1,201,100 shares. Based on an average daily trading volume, of 103,000 shares, the short-interest ratio is currently 16.1 days.

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 Stock Performance

CWYUF traded down $0.07 during trading on Monday, hitting $16.97. 5,121 shares of the company traded hands, compared to its average volume of 21,409. SmartCentres Real Estate Investment Trust has a one year low of $15.82 and a one year high of $20.23. The stock's fifty day moving average is $17.98 and its 200 day moving average is $17.96. The company has a quick ratio of 0.30, a current ratio of 0.39 and a debt-to-equity ratio of 0.71. The firm has a market cap of $3.02 billion, a P/E ratio of 25.71 and a beta of 1.17.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be paid a dividend of $0.1076 per share. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 7.46%. SmartCentres Real Estate Investment Trust's payout ratio is currently 206.06%.

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.