SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Update

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 1,201,100 shares, a decline 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.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th.

SmartCentres Real Estate Investment Trust Stock Down 0.9 %

CWYUF traded down $0.16 during midday trading on Monday, hitting $17.68. The company had a trading volume of 16,821 shares, compared to its average volume of 21,734. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 27.03 and a beta of 1.17. SmartCentres Real Estate Investment Trust has a 52 week low of $15.82 and a 52 week high of $20.23. The stock’s 50 day moving average price is $18.30 and its 200 day moving average price is $17.90. The company has a quick ratio of 0.30, a current ratio of 0.39 and a debt-to-equity ratio of 0.71.

SmartCentres Real Estate Investment Trust Cuts Dividend

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

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.