SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Posts Quarterly Earnings Results, Hits Estimates

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) announced its quarterly earnings results on Wednesday. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39, Zacks reports. SmartCentres Real Estate Investment Trust had a net margin of 39.89% and a return on equity of 5.16%.

SmartCentres Real Estate Investment Trust Stock Up 1.5%

CWYUF stock traded up $0.30 during midday trading on Wednesday, hitting $20.20. 8,404 shares of the company’s stock were exchanged, compared to its average volume of 30,616. The firm has a 50 day moving average price of $19.11 and a 200-day moving average price of $19.06. SmartCentres Real Estate Investment Trust has a 12-month low of $16.43 and a 12-month high of $20.20. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 15.78 and a beta of 0.87. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.58.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.1099 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 705.0%. SmartCentres Real Estate Investment Trust’s payout ratio is currently 104.69%.

Analysts Set New Price Targets

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

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.