Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.71 and traded as high as C$15.62. Crombie Real Estate Investment Trust shares last traded at C$15.61, with a volume of 118,930 shares traded.
Wall Street Analysts Forecast Growth
CRR.UN has been the topic of a number of recent research reports. TD Securities increased their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Raymond James increased their price objective on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research report on Friday, September 6th. Canaccord Genuity Group lifted their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a "hold" rating in a report on Monday, September 16th. Finally, National Bankshares upped their price target on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Crombie Real Estate Investment Trust presently has an average rating of "Moderate Buy" and an average target price of C$15.83.
View Our Latest Report on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Price Performance
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 firm has a market cap of C$1.67 billion, a P/E ratio of -55.50 and a beta of 0.95. The company's 50-day moving average is C$15.00 and its two-hundred day moving average is C$13.71.
Crombie Real Estate Investment Trust Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be given a dividend of $0.0742 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.89 annualized dividend and a dividend yield of 5.75%. Crombie Real Estate Investment Trust's dividend payout ratio is -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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