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

Key Points

• Crombie Real Estate Investment Trust declared a monthly dividend of $0.07 per share, with stockholders of record on August 15 set to receive this payment.
• The company's stock opened at C$14.34 and has an annualized dividend yield of 6.21%, despite a recent decline of 2.2% in stock price.
• Raymond James Financial upgraded the stock from "outperform" to "strong-buy" with a price target of C$17.25.

Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) announced a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.0742 per share on Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Thursday, July 31st.

Crombie Real Estate Investment Trust Stock Performance

CRR.UN traded down C$0.03 during trading on Friday, reaching C$14.35. The company's stock had a trading volume of 125,773 shares, compared to its average volume of 189,866. Crombie Real Estate Investment Trust has a 52-week low of C$13.01 and a 52-week high of C$16.22. The company's fifty day moving average price is C$14.76 and its 200-day moving average price is C$14.33. The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -51.25 and a beta of 0.95. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada's urban and suburban markets.