Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

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$14.36 and traded as high as C$14.52. Crombie Real Estate Investment Trust shares last traded at C$14.49, with a volume of 131,600 shares.

Analyst Upgrades and Downgrades

Separately, 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. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Crombie Real Estate Investment Trust presently has a consensus rating of "Buy" and a consensus price target of C$16.07.

Crombie Real Estate Investment Trust Stock Up 0.8 %

The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87. The stock has a 50-day simple moving average of C$13.66 and a 200-day simple moving average of C$14.37. The company has a market cap of C$1.55 billion, a price-to-earnings ratio of -51.32 and a beta of 0.95.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be paid a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date is Friday, February 28th. Crombie Real Estate Investment Trust's dividend payout ratio is presently -317.86%.

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About Crombie Real Estate Investment Trust

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.