Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.23 and traded as low as C$13.20. Crombie Real Estate Investment Trust shares last traded at C$13.37, with a volume of 91,769 shares trading hands.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Raymond James raised shares of Crombie Real Estate Investment Trust from an "outperform" rating to a "strong-buy" rating and decreased their price objective for the stock from C$17.25 to C$16.75 in a report on Monday, January 13th. BMO Capital Markets raised their price target 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 upped their price objective on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$16.06.
Check Out Our Latest Analysis on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Trading Up 0.7 %
The stock has a market cap of C$1.45 billion, a price-to-earnings ratio of -48.07 and a beta of 0.95. The business has a 50-day simple moving average of C$13.82 and a two-hundred day simple moving average of C$14.23. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14.
Crombie Real Estate Investment Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.0742 per share. The ex-dividend date is Friday, January 31st. This represents a $0.89 annualized dividend and a yield of 6.62%. Crombie Real Estate Investment Trust's payout ratio is presently -317.86%.
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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