SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Down 0.2% - What's Next?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) shares dropped 0.2% on Friday . The stock traded as low as $17.84 and last traded at $17.84. Approximately 1,143 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 21,758 shares. The stock had previously closed at $17.88.

Wall Street Analyst Weigh In

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

SmartCentres Real Estate Investment Trust Stock Down 0.2 %

The firm has a market cap of $3.18 billion, a P/E ratio of 27.03 and a beta of 1.17. The firm's 50 day moving average is $18.30 and its two-hundred day moving average is $17.89. The company has a current ratio of 0.39, a quick ratio of 0.30 and a debt-to-equity ratio of 0.71.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.1097 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 7.31%. SmartCentres Real Estate Investment Trust's dividend payout ratio (DPR) 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.