SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Hits New 52-Week High – Should You Buy?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) shares hit a new 52-week high during trading on Monday . The stock traded as high as $20.46 and last traded at $20.46, with a volume of 430 shares changing hands. The stock had previously closed at $20.3780.

Analyst Ratings Changes

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

SmartCentres Real Estate Investment Trust Stock Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market capitalization of $3.65 billion, a PE ratio of 16.63 and a beta of 0.87. The firm’s 50 day moving average is $19.40 and its two-hundred day moving average is $19.14.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.12. The company had revenue of $170.52 million for the quarter, compared to the consensus estimate of $232.74 million. SmartCentres Real Estate Investment Trust had a net margin of 38.27% and a return on equity of 5.02%. As a group, research analysts predict 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 business also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.1099 dividend. 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 109.76%.

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.