SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Trading Down 1.2% – Time to Sell?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) traded down 1.2% during mid-day trading on Monday . The stock traded as low as $16.76 and last traded at $16.76. 4,020 shares were traded during mid-day trading, a decline of 79% from the average session volume of 19,469 shares. The stock had previously closed at $16.97.

Analyst Upgrades and Downgrades

Separately, TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th.

SmartCentres Real Estate Investment Trust Price Performance

The firm has a 50-day simple moving average of $17.57 and a two-hundred day simple moving average of $18.07. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 10.61 and a beta of 1.18. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.71.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were given a dividend of $0.1076 per share. This represents a yield of 7.46%. The ex-dividend date was Tuesday, December 31st. SmartCentres Real Estate Investment Trust’s dividend payout ratio is currently 195.45%.

About SmartCentres Real Estate Investment Trust

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.