SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sees Significant Growth in Short Interest

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 1,176,300 shares, a growth of 37.4% from the June 15th total of 856,200 shares. Based on an average daily volume of 25,100 shares, the short-interest ratio is presently 46.9 days.

Analyst Ratings Changes

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

SmartCentres Real Estate Investment Trust Price Performance

OTCMKTS:CWYUF traded up $0.12 on Friday, reaching $17.21. 31,798 shares of the company’s stock traded hands, compared to its average volume of 16,231. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.67. The stock has a 50-day simple moving average of $16.43 and a 200-day simple moving average of $17.13. The firm has a market cap of $3.07 billion, a PE ratio of 12.47 and a beta of 1.15. SmartCentres Real Estate Investment Trust has a 12 month low of $14.98 and a 12 month 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 for 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 Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a $0.1123 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a dividend yield of 8.46%. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is 98.55%.

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.