SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sees Significant Increase in Short Interest

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 1,200,800 shares, a growth of 6.5% from the January 15th total of 1,127,800 shares. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is currently 106.3 days.

SmartCentres Real Estate Investment Trust Trading Up 0.7 %

OTCMKTS CWYUF traded up $0.13 during trading on Thursday, hitting $18.10. The company had a trading volume of 3,165 shares, compared to its average volume of 23,051. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.71. SmartCentres Real Estate Investment Trust has a one year low of $15.82 and a one year high of $20.23. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 15.60 and a beta of 1.17. The company's fifty day moving average is $17.17 and its 200-day moving average is $18.06.

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

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were given a $0.1071 dividend. This represents a dividend yield of 7.63%. The ex-dividend date was Friday, January 31st. SmartCentres Real Estate Investment Trust's dividend payout ratio is presently 109.48%.

Analysts Set New Price Targets

Separately, TD Securities upgraded shares of SmartCentres Real Estate Investment Trust from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 19th.

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.