Crombie Real Estate Investment Trust (TSE:CRR.UN) Shares Pass Below Two Hundred Day Moving Average - What's Next?

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$14.35 and traded as low as C$14.03. Crombie Real Estate Investment Trust shares last traded at C$14.25, with a volume of 306,530 shares traded.

Analyst Upgrades and Downgrades

Separately, Raymond James raised Crombie Real Estate Investment Trust from an "outperform" rating to a "strong-buy" rating and reduced their price target for the company from C$17.25 to C$16.75 in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$16.07.

Crombie Real Estate Investment Trust Stock Performance

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$1.52 billion, a PE ratio of -50.36 and a beta of 0.95. The firm's 50-day moving average is C$14.02 and its 200 day moving average is C$14.33.

Crombie Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were issued a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date of this dividend was Friday, February 28th. Crombie Real Estate Investment Trust's payout ratio is currently -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.