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

Crombie Real Estate Investment Trust (TSE:CRR.UN) declared a monthly dividend on Thursday, February 25th, TickerTech reports. Stockholders of record on Monday, March 15th will be given a dividend of 0.0742 per share on Monday, March 15th. This represents a $0.89 annualized dividend and a dividend yield of 6.14%. The ex-dividend date is Thursday, February 25th.

Crombie Real Estate Investment Trust stock opened at C$14.50 on Tuesday. The firm has a 50 day simple moving average of C$14.41 and a 200-day simple moving average of C$13.90. The company has a debt-to-equity ratio of 158.40, a current ratio of 0.12 and a quick ratio of 0.05. The stock has a market capitalization of C$2.29 billion and a PE ratio of 23.87. Crombie Real Estate Investment Trust has a 12-month low of C$9.26 and a 12-month high of C$16.12.

CRR.UN has been the subject of several recent research reports. Canaccord Genuity lowered shares of Crombie Real Estate Investment Trust from a “buy” rating to a “hold” rating and increased their target price for the company from C$14.50 to C$15.00 in a research note on Monday, November 16th. CIBC increased their target price on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.75 in a research note on Monday, November 16th. BMO Capital Markets increased their target price on shares of Crombie Real Estate Investment Trust from C$14.00 to C$14.50 in a research note on Monday, November 16th. TD Securities increased their target price on shares of Crombie Real Estate Investment Trust from C$13.50 to C$14.00 and gave the company a “hold” rating in a research note on Monday, November 16th. Finally, National Bank Financial increased their target price on shares of Crombie Real Estate Investment Trust from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, November 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Crombie Real Estate Investment Trust currently has an average rating of “Hold” and a consensus target price of C$15.11.

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.

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

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