SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Upgraded at TD Securities

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,Zacks.com reports.

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

SmartCentres Real Estate Investment Trust Stock Up 0.9 %

CWYUF stock opened at $18.20 on Tuesday. The firm’s 50-day moving average is $18.76 and its two-hundred day moving average is $17.72. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 27.57 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.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently disclosed 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 is Friday, November 29th. This represents a dividend yield of 7.31%. SmartCentres Real Estate Investment Trust’s dividend payout ratio is currently 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.