Short Interest in SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Rises By 8.7%

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,498,400 shares, an increase of 8.7% from the August 31st total of 1,379,100 shares. Based on an average daily volume of 20,100 shares, the short-interest ratio is presently 74.5 days.

SmartCentres Real Estate Investment Trust Price Performance

Shares of OTCMKTS:CWYUF opened at $19.68 on Tuesday. The company has a 50 day moving average of $18.48 and a 200 day moving average of $17.25. The stock has a market cap of $3.51 billion, a P/E ratio of 14.26 and a beta of 1.16. SmartCentres Real Estate Investment Trust has a 12 month low of $14.98 and a 12 month high of $20.23. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.66.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.52 EPS for the quarter. The company had revenue of $166.68 million during the quarter. SmartCentres Real Estate Investment Trust had a net margin of 34.42% and a return on equity of 4.67%.

SmartCentres Real Estate Investment Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a dividend of $0.1134 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a yield of 6.81%. This is a boost from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11. SmartCentres Real Estate Investment Trust’s payout ratio is currently 99.28%.

Analysts Set New Price Targets

Separately, Cibc World Mkts raised shares of SmartCentres Real Estate Investment Trust to a “strong-buy” rating in a research report on Monday, August 12th.

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.