SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

SmartCentres Real Estate Investment Trust Stock Performance

CWYUF stock opened at $19.70 on Monday. The stock’s 50 day simple moving average is $18.79 and its 200 day simple moving average is $18.96. SmartCentres Real Estate Investment Trust has a 12-month low of $15.99 and a 12-month high of $20.00. The firm has a market cap of $3.51 billion, a P/E ratio of 15.39 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) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $164.62 million during the quarter, compared to analyst estimates of $223.98 million. SmartCentres Real Estate Investment Trust had a return on equity of 5.16% and a net margin of 39.89%. As a group, equities research analysts predict that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current year.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.1099 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 705.0%. SmartCentres Real Estate Investment Trust’s dividend payout ratio is 104.69%.

SmartCentres Real Estate Investment Trust Company Profile

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.