SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Upgraded by TD Securities to Strong-Buy Rating

TD Securities upgraded shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

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

SmartCentres Real Estate Investment Trust Stock Up 0.9 %

Shares of OTCMKTS:CWYUF opened at $18.20 on Tuesday. SmartCentres Real Estate Investment Trust has a 52 week low of $15.82 and a 52 week high of $20.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $3.24 billion, a PE ratio of 27.57 and a beta of 1.17. The firm has a 50 day simple moving average of $18.76 and a 200 day simple moving average of $17.72.

SmartCentres Real Estate Investment Trust Cuts Dividend

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

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.