Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.84 and traded as high as C$15.07. Crombie Real Estate Investment Trust shares last traded at C$15.00, with a volume of 272,188 shares traded.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. TD Securities lifted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. National Bankshares boosted their target price on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. Canaccord Genuity Group increased their target price on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a "hold" rating in a research note on Monday, September 16th. Finally, Raymond James lifted their price target on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$15.94.
Check Out Our Latest Report on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Stock Up 0.3 %
The company's fifty day simple moving average is C$15.32 and its 200-day simple moving average is C$13.85. The firm has a market capitalization of C$1.62 billion, a PE ratio of -53.71 and a beta of 0.95. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11.
Crombie Real Estate Investment Trust Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be paid a $0.0742 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.92%. Crombie Real Estate Investment Trust's payout ratio is currently -317.86%.
Crombie Real Estate Investment Trust Company Profile
(
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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.
Further Reading
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