SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Down 5.8% in May

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 630,400 shares, a decline of 5.8% from the April 30th total of 669,300 shares. Based on an average daily trading volume, of 20,300 shares, the short-interest ratio is currently 31.1 days.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upgraded shares of SmartCentres Real Estate Investment Trust to a “hold” rating in a research note on Friday, May 17th.

Read Our Latest Stock Analysis on SmartCentres Real Estate Investment Trust

SmartCentres Real Estate Investment Trust Trading Up 1.3 %

Shares of OTCMKTS:CWYUF opened at $16.51 on Tuesday. The company’s 50-day moving average price is $16.63 and its 200 day moving average price is $17.40. SmartCentres Real Estate Investment Trust has a fifty-two week low of $14.98 and a fifty-two week high of $19.24. The company has a market cap of $2.94 billion, a PE ratio of 11.96 and a beta of 1.11. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.69.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $161.15 million for the quarter. SmartCentres Real Estate Investment Trust had a net margin of 40.05% and a return on equity of 5.29%.

SmartCentres Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.1132 dividend. This represents a dividend yield of 8.08%. The ex-dividend date of this dividend is Friday, May 31st. SmartCentres Real Estate Investment Trust’s dividend payout ratio is presently 97.10%.

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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