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Crombie Real Estate Investment Trust Plans Monthly Dividend of $0.07 (TSE:CRR.UN)

Crombie Real Estate Investment Trust logo with Real Estate background

Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Investors of record on Friday, November 15th will be given a dividend of 0.0742 per share on Friday, November 15th. This represents a $0.89 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date is Thursday, October 31st.

Crombie Real Estate Investment Trust Price Performance

CRR.UN stock remained flat at C$15.30 during trading on Tuesday. 218,065 shares of the company were exchanged, compared to its average volume of 173,390. 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$1.65 billion, a P/E ratio of -54.64 and a beta of 0.95. Crombie Real Estate Investment Trust has a 12 month low of C$11.91 and a 12 month high of C$16.22. The business's 50 day moving average price is C$15.19 and its 200 day moving average price is C$13.78.

Wall Street Analyst Weigh In

Several analysts have commented on CRR.UN shares. Raymond James increased their price objective on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a report on Friday, September 6th. National Bankshares increased their price target on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research note on Wednesday, October 9th. BMO Capital Markets upped their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday. Canaccord Genuity Group upped their price target on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a "hold" rating in a research report on Monday, September 16th. Finally, TD Securities upped their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$15.94.

View Our Latest Report on Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Crombie Real Estate Investment Trust (TSE:CRR.UN)

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