SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Down 17.0% in November

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,201,100 shares, a drop of 17.0% from the November 15th total of 1,447,000 shares. Based on an average trading volume of 19,000 shares, the short-interest ratio is presently 63.2 days.

Analyst Ratings Changes

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 Trading Down 0.9 %

CWYUF stock traded down $0.16 during mid-day trading on Monday, reaching $17.68. 1,413 shares of the stock traded hands, compared to its average volume of 21,734. SmartCentres Real Estate Investment Trust has a one year low of $15.82 and a one year high of $20.23. The stock has a market capitalization of $3.15 billion, a PE ratio of 26.79 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.30 and a current ratio of 0.39. The business has a 50-day moving average price of $18.28 and a two-hundred day moving average price of $17.91.

SmartCentres Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.1097 dividend. This represents a yield of 7.31%. The ex-dividend date of this dividend is Friday, November 29th. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 206.06%.

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.