Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) 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.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on CRR.UN. TD Securities increased 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 research report on Wednesday, September 4th. Raymond James increased their price target on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a report on Friday, September 6th. Canaccord Genuity Group boosted their price objective 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 increased their target price on 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$15.83.
Get Our Latest Stock Analysis on CRR.UN
Crombie Real Estate Investment Trust Price Performance
Crombie Real Estate Investment Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0742 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.89 dividend on an annualized basis and a yield of 5.75%. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -317.86%.
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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