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

Crombie Real Estate Investment Trust (TSE:CRR.UN) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.0742 per share on Friday, February 14th. This represents a $0.89 annualized dividend and a yield of 6.65%. The ex-dividend date is Friday, January 31st.

Crombie Real Estate Investment Trust Stock Down 0.1 %

Shares of TSE:CRR.UN traded down C$0.01 on Wednesday, reaching C$13.39. The company had a trading volume of 13,898 shares, compared to its average volume of 166,102. The stock has a market capitalization of C$1.45 billion, a P/E ratio of -47.82 and a beta of 0.95. The stock has a 50-day moving average price of C$13.71 and a 200 day moving average price of C$14.26. Crombie Real Estate Investment Trust has a twelve month low of C$12.25 and a twelve month high of C$16.22. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CRR.UN shares. BMO Capital Markets upped their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th. National Bankshares upped their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. Finally, Raymond James upgraded shares of Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and dropped their target price for the stock from C$17.25 to C$16.75 in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Crombie Real Estate Investment Trust currently has a consensus rating of “Buy” and a consensus target price of C$16.06.

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.