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

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.

Crombie Real Estate Investment Trust Company Profile

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.