SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Gap Down – Time to Sell?

by · The Markets Daily

Shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $18.1750, but opened at $17.28. SmartCentres Real Estate Investment Trust shares last traded at $17.28, with a volume of 334 shares.

SmartCentres Real Estate Investment Trust Price Performance

The stock has a 50 day moving average of $18.83 and a 200-day moving average of $18.93. The stock has a market capitalization of $3.25 billion, a P/E ratio of 14.23 and a beta of 0.85. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.66.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) last released its earnings results on Wednesday, November 12th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08). The business had revenue of $164.62 million for the quarter, compared to the consensus estimate of $223.98 million. SmartCentres Real Estate Investment Trust had a return on equity of 5.18% and a net margin of 39.89%. On average, equities research analysts anticipate 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 business also recently announced a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.1099 dividend. This represents a yield of 705.0%. The ex-dividend date is Friday, November 28th. SmartCentres Real Estate Investment Trust’s dividend payout ratio is currently 103.13%.

SmartCentres Real Estate Investment Trust Company Profile

(Get Free Report)

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.

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