SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Update

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 777,800 shares, an increase of 23.4% from the May 15th total of 630,400 shares. Based on an average trading volume of 16,100 shares, the days-to-cover ratio is currently 48.3 days.

Analysts Set New Price Targets

Separately, BMO Capital Markets upgraded SmartCentres Real Estate Investment Trust to a “hold” rating in a report on Friday, May 17th.

SmartCentres Real Estate Investment Trust Price Performance

Shares of CWYUF traded down $0.06 during mid-day trading on Friday, hitting $16.02. The company’s stock had a trading volume of 5,047 shares, compared to its average volume of 22,760. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.67. The firm has a 50-day simple moving average of $16.53 and a 200 day simple moving average of $17.38. The firm has a market capitalization of $2.85 billion, a P/E ratio of 11.61 and a beta of 1.14. SmartCentres Real Estate Investment Trust has a 1-year low of $14.98 and a 1-year high of $19.24.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.09) EPS for the quarter. The business had revenue of $161.15 million during the quarter. SmartCentres Real Estate Investment Trust had a net margin of 40.05% and a return on equity of 5.31%.

SmartCentres Real Estate Investment Trust Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.1132 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a dividend yield of 8.08%. SmartCentres Real Estate Investment Trust’s dividend payout ratio is currently 97.10%.

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.