Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.32 and traded as high as C$14.72. Crombie Real Estate Investment Trust shares last traded at C$14.68, with a volume of 201,337 shares traded.
Wall Street Analysts Forecast Growth
Separately, Raymond James Financial raised Crombie Real Estate Investment Trust from an "outperform" rating to a "strong-buy" rating and set a C$17.25 target price on the stock in a research report on Thursday, July 17th.
View Our Latest Research Report on CRR.UN
Crombie Real Estate Investment Trust Price Performance
The stock has a 50 day moving average price of C$14.76 and a two-hundred day moving average price of C$14.34. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14. The company has a market capitalization of C$1.55 billion, a PE ratio of -51.25 and a beta of 0.95.
Crombie Real Estate Investment Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.0742 per share. The ex-dividend date is Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.2%. Crombie Real Estate Investment Trust's payout ratio is currently -317.86%.
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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