Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.0742 per share on Friday, February 14th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date of this dividend is Friday, January 31st.
Crombie Real Estate Investment Trust Price Performance
CRR.UN stock traded down C$0.12 during midday trading on Wednesday, hitting C$13.28. 180,495 shares of the stock were exchanged, compared to its average volume of 174,547. The stock's 50-day moving average price is C$13.69 and its 200-day moving average price is C$14.26. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14. The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of -47.43 and a beta of 0.95. Crombie Real Estate Investment Trust has a fifty-two week low of C$12.25 and a fifty-two week high of C$16.22.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on CRR.UN shares. Raymond James upgraded Crombie Real Estate Investment Trust from an "outperform" rating to a "strong-buy" rating and reduced their price objective for the company from C$17.25 to C$16.75 in a research report on Monday, January 13th. BMO Capital Markets upped their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. Finally, National Bankshares lifted their price target on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Crombie Real Estate Investment Trust presently has an average rating of "Buy" and an average price target of C$16.06.
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About Crombie Real Estate Investment Trust
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Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets.
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