SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Declares Dividend Increase – $0.11 Per Share

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) announced a dividend on Wednesday, February 26th, investing.com reports. Investors of record on Monday, March 3rd will be given a dividend of 0.1084 per share on Monday, March 17th. This represents a yield of 7.15%. The ex-dividend date is Friday, February 28th. This is a positive change from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11.

SmartCentres Real Estate Investment Trust Stock Up 1.7 %

Shares of SmartCentres Real Estate Investment Trust stock traded up $0.30 during trading on Wednesday, reaching $18.19. The company had a trading volume of 29,267 shares, compared to its average volume of 23,534. The firm’s fifty day moving average is $17.19 and its 200-day moving average is $18.09. SmartCentres Real Estate Investment Trust has a fifty-two week low of $15.82 and a fifty-two week high of $20.23. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 15.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.39 and a current ratio of 0.39.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. SmartCentres Real Estate Investment Trust had a return on equity of 4.44% and a net margin of 30.60%. On average, analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current year.

Wall Street Analyst Weigh In

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

SmartCentres Real Estate Investment Trust Company Profile

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.