SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Stock Price Down 1.2% – Should You Sell?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) shares dropped 1.2% during trading on Monday . The company traded as low as $16.76 and last traded at $16.76. Approximately 4,020 shares changed hands during trading, a decline of 79% from the average daily volume of 19,469 shares. The stock had previously closed at $16.97.

Analyst Ratings Changes

Separately, TD Securities raised 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 1.2 %

The firm has a market capitalization of $2.99 billion, a PE ratio of 25.39 and a beta of 1.18. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average of $17.59 and a two-hundred day moving average of $18.07.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were given a $0.1076 dividend. This represents a dividend yield of 7.46%. The ex-dividend date of this dividend was Tuesday, December 31st. SmartCentres Real Estate Investment Trust’s payout ratio is currently 195.45%.

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.