Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.36 and traded as high as C$14.51. Crombie Real Estate Investment Trust shares last traded at C$14.46, with a volume of 152,365 shares traded.
Analysts Set New Price Targets
Separately, Raymond James Financial upgraded Crombie Real Estate Investment Trust from an "outperform" rating to a "strong-buy" rating and set a C$17.25 price objective for the company in a report on Thursday, July 17th.
Get Our Latest Stock Analysis on CRR.UN
Crombie Real Estate Investment Trust Stock Up 0.4%
The firm has a market capitalization of C$1.59 billion, a price-to-earnings ratio of -52.75 and a beta of 0.95. The business has a fifty day moving average price of C$14.74 and a two-hundred day moving average price of C$14.40. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11.
Crombie Real Estate Investment Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.0742 per share. The ex-dividend date is Thursday, July 31st. This represents a c) annualized dividend and a yield of 6.0%. Crombie Real Estate Investment Trust's dividend payout ratio is -317.86%.
About Crombie Real Estate Investment Trust
(
Get Free Report)
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.
Featured Stories
Before you consider Crombie Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crombie Real Estate Investment Trust wasn't on the list.
While Crombie Real Estate Investment Trust currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access