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

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,200,800 shares, a growth of 6.5% from the January 15th total of 1,127,800 shares. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is currently 106.3 days.

SmartCentres Real Estate Investment Trust Stock Performance

CWYUF remained flat at $17.60 on Monday. The company’s stock had a trading volume of 9,049 shares, compared to its average volume of 21,233. The firm’s fifty day moving average price is $17.19 and its 200-day moving average price is $18.05. The stock has a market cap of $3.14 billion, a P/E ratio of 26.66 and a beta of 1.17. SmartCentres Real Estate Investment Trust has a fifty-two week low of $15.82 and a fifty-two week high of $20.23. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.39 and a quick ratio of 0.39.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. SmartCentres Real Estate Investment Trust had a net margin of 17.26% and a return on equity of 2.46%. Sell-side analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.61 EPS for the current fiscal year.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be paid a $0.1071 dividend. This represents a yield of 7.63%. The ex-dividend date of this dividend is Friday, January 31st. SmartCentres Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 192.42%.

Analysts Set New Price Targets

Separately, TD Securities raised 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 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.