SmartCentres Real Estate Investment Trust (CWYUF) to Issue Dividend of $0.11 on December 16th

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) announced a dividend on Friday, November 22nd,investing.com reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.1097 per share on Monday, December 16th. This represents a dividend yield of 7.31%. The ex-dividend date is Friday, November 29th.

SmartCentres Real Estate Investment Trust Stock Up 0.9 %

Shares of CWYUF opened at $18.20 on Friday. The firm has a market capitalization of $3.24 billion, a P/E ratio of 27.57 and a beta of 1.17. SmartCentres Real Estate Investment Trust has a 12-month low of $15.82 and a 12-month high of $20.23. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $18.72 and a 200-day moving average price of $17.73.

Wall Street Analyst Weigh In

CWYUF has been the subject of a number of recent analyst reports. TD Securities raised shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Cibc World Mkts raised shares of SmartCentres Real Estate Investment Trust to a “strong-buy” rating in a research note on Monday, August 12th.

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.