Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.59 and traded as high as C$15.14. Crombie Real Estate Investment Trust shares last traded at C$15.03, with a volume of 93,955 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Raymond James Financial raised shares of Crombie Real Estate Investment Trust from an "outperform" rating to a "strong-buy" rating and set a C$17.25 target price for the company in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$16.31.
View Our Latest Analysis on CRR.UN
Crombie Real Estate Investment Trust Price Performance
The stock's fifty day moving average price is C$14.85 and its 200-day moving average price is C$14.61. The firm has a market cap of C$2.85 billion, a price-to-earnings ratio of -804.81 and a beta of 0.89. 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 firm also recently announced a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were given a $0.0742 dividend. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Thursday, July 31st. Crombie Real Estate Investment Trust's payout ratio is currently -4,672.62%.
About Crombie Real Estate Investment Trust
(
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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.
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