Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.90 and traded as high as C$14.64. Crombie Real Estate Investment Trust shares last traded at C$14.38, with a volume of 163,688 shares changing hands.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. BMO Capital Markets increased their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. National Bankshares lifted their target price on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. Canaccord Genuity Group upped their price target on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a "hold" rating in a research note on Monday, September 16th. TD Securities lifted their price objective 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. Finally, Raymond James boosted their price objective on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a report on Friday, September 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Crombie Real Estate Investment Trust currently has an average rating of "Moderate Buy" and an average target price of C$15.94.
Check Out Our Latest Report on CRR.UN
Crombie Real Estate Investment Trust Trading Up 0.3 %
The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. The business's 50 day moving average is C$15.31 and its 200 day moving average is C$13.91. The stock has a market cap of C$1.56 billion, a price-to-earnings ratio of -51.57 and a beta of 0.95.
Crombie Real Estate Investment Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be paid a dividend of $0.0742 per share. 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 6.17%. 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.
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