SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sees Strong Trading Volume – Time to Buy?
by Renee Jackson · The Cerbat GemSmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) saw unusually-high trading volume on Monday . Approximately 3,277 shares were traded during mid-day trading, an increase of 198% from the previous session’s volume of 1,100 shares.The stock last traded at $18.7280 and had previously closed at $18.82.
Analyst Ratings Changes
Separately, Zacks Research lowered shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Monday, December 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on SmartCentres Real Estate Investment Trust
SmartCentres Real Estate Investment Trust Stock Performance
The business’s 50 day simple moving average is $18.69 and its two-hundred day simple moving average is $18.90. The firm has a market capitalization of $3.36 billion, a PE ratio of 14.72 and a beta of 0.86. 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 (OTCMKTS:CWYUF – Get Free Report) last released 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). The firm had revenue of $164.62 million during the quarter, compared to analysts’ expectations of $223.98 million. SmartCentres Real Estate Investment Trust had a return on equity of 5.16% and a net margin of 39.89%. Research analysts expect that SmartCentres Real Estate Investment Trust will post 1.52 earnings per share for the current fiscal 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 paid a dividend of $0.1099 per share. This represents a dividend yield of 705.0%. The ex-dividend date was Friday, November 28th. SmartCentres Real Estate Investment Trust’s payout ratio is currently 103.13%.
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.