SmartCentres Real Estate Investment Trust (CWYUF) Projected to Post Quarterly Earnings on Wednesday

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) is anticipated to post its results after the market closes on Wednesday, February 11th. Analysts expect SmartCentres Real Estate Investment Trust to post earnings of $0.39 per share and revenue of $232.7370 million for the quarter.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). SmartCentres Real Estate Investment Trust had a return on equity of 5.16% and a net margin of 39.89%.The company had revenue of $164.62 million for the quarter, compared to analysts’ expectations of $223.98 million. On average, analysts expect SmartCentres Real Estate Investment Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SmartCentres Real Estate Investment Trust Trading Down 0.0%

OTCMKTS CWYUF opened at $19.55 on Wednesday. SmartCentres Real Estate Investment Trust has a one year low of $16.43 and a one year high of $20.00. The firm has a 50 day simple moving average of $18.98 and a 200-day simple moving average of $19.02. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 15.27 and a beta of 0.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.21 and a current ratio of 0.21.

SmartCentres Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.1099 dividend. This represents a dividend yield of 705.0%. The ex-dividend date was Friday, November 28th. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 105.47%.

Analysts Set New Price Targets

Separately, Zacks Research raised SmartCentres Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About SmartCentres Real Estate Investment Trust

SmartCentres Real Estate Investment Trust is a Canada-based real estate investment trust specializing in the ownership, development and management of retail-focused commercial properties. The trust’s portfolio is anchored predominantly by Walmart Canada, complemented by a mix of other national and regional tenants. SmartCentres targets high-traffic, community-centric locations, offering grocery, discount department, service and specialty retailers within its shopping centres.

Originally established in 1994, the trust has grown through a combination of development, strategic acquisitions and redevelopments.