SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Upgraded at Zacks Research

Zacks Research upgraded shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) from a strong sell rating to a hold rating in a research note published on Monday,Zacks.com reports.

SmartCentres Real Estate Investment Trust Stock Down 1.1%

CWYUF stock opened at $19.49 on Monday. The stock has a market capitalization of $3.48 billion, a PE ratio of 15.23 and a beta of 0.86. SmartCentres Real Estate Investment Trust has a 52 week low of $15.99 and a 52 week high of $20.00. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $18.80 and a 200 day moving average of $18.96.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.32 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $223.98 million. Sell-side analysts forecast 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 company also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.1099 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 705.0%. SmartCentres Real Estate Investment Trust’s payout ratio is currently 105.47%.

SmartCentres Real Estate Investment Trust Company Profile

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.