SmartCentres Real Estate Investment Trust Cuts Dividend

Date:

SmartCentres Real Estate Investment Trust Stock Up 0.4%

SmartCentres Real Estate Investment Trust stock opened at $19.29 on Monday. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 17.07 and a beta of 0.91. SmartCentres Real Estate Investment Trust has a 52 week low of $15.99 and a 52 week high of $19.86. The business’s 50-day moving average price is $19.18 and its 200 day moving average price is $18.65. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.66.

The firm also recently declared a dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.1121 per share. The ex-dividend date is Monday, September 29th. This represents a yield of 693.0%. SmartCentres Real Estate Investment Trust’s dividend payout ratio is currently 119.47%.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 349,800 shares, a drop of 34.5% from the August 31st total of 534,400 shares. Based on an average trading volume of 47,200 shares, the short-interest ratio is presently 7.4 days. Based on an average trading volume of 47,200 shares, the short-interest ratio is presently 7.4 days

SmartCentres Real Estate Investment Trust Company Profile (Get Free Report)

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.

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