SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Hits New 52-Week High – What’s Next?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) shares hit a new 52-week high on Friday . The stock traded as high as $20.00 and last traded at $19.18, with a volume of 4180 shares trading hands. The stock had previously closed at $18.83.

Analysts Set New Price Targets

Separately, Zacks Research downgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong sell” rating in a research report on Monday, December 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

SmartCentres Real Estate Investment Trust Price Performance

The stock’s 50 day simple moving average is $18.67 and its 200-day simple moving average is $18.91. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 14.98 and a beta of 0.86. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.21 and a current ratio of 0.21.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). SmartCentres Real Estate Investment Trust had a net margin of 39.89% and a return on equity of 5.16%. The company had revenue of $164.62 million for the quarter, compared to analysts’ expectations of $223.98 million. Equities research analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current fiscal year.

SmartCentres Real Estate Investment Trust Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.1099 per share. This represents a yield of 705.0%. The ex-dividend date was Friday, November 28th. SmartCentres Real Estate Investment Trust’s payout ratio is presently 104.69%.

About SmartCentres Real Estate Investment Trust

SmartCentres Real Estate Investment Trust is a Canada-based real estate investment trust specializing in the ownership, development and management of retail-focused commercial properties. The trust’s portfolio is anchored predominantly by Walmart Canada, complemented by a mix of other national and regional tenants. SmartCentres targets high-traffic, community-centric locations, offering grocery, discount department, service and specialty retailers within its shopping centres.

Originally established in 1994, the trust has grown through a combination of development, strategic acquisitions and redevelopments.