Crombie Real Estate Investment Trust (CRR.UN) to Issue Monthly Dividend of $0.07 on August 15th

Crombie Real Estate Investment Trust (TSE:CRR.UN) announced a monthly dividend on Wednesday, July 31st, TickerTech reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.0742 per share on Thursday, August 15th. This represents a $0.89 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend is Wednesday, July 31st.

Crombie Real Estate Investment Trust Trading Up 0.4 %

TSE CRR.UN opened at C$13.86 on Monday. The stock has a 50 day moving average of C$12.87 and a 200-day moving average of C$13.30. Crombie Real Estate Investment Trust has a 12 month low of C$11.68 and a 12 month high of C$14.50. The company has a market cap of C$1.49 billion, a PE ratio of -42.00 and a beta of 0.92. The company has a current ratio of 0.15, a quick ratio of 0.11 and a debt-to-equity ratio of 120.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CRR.UN shares. Scotiabank reduced their price objective on Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an “outperform” rating for the company in a report on Monday, May 13th. National Bankshares decreased their price target on Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. TD Securities lowered their price objective on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research report on Wednesday, April 24th. Finally, CIBC lowered their target price on Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$15.28.

Insider Activity at Crombie Real Estate Investment Trust

In other news, Director Mark Holly purchased 5,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was purchased at an average cost of C$13.03 per share, with a total value of C$65,150.00. 1.16% of the stock is currently owned by corporate insiders.

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.