Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.17 and traded as high as C$14.70. Crombie Real Estate Investment Trust shares last traded at C$14.54, with a volume of 133,722 shares.
Wall Street Analyst Weigh In
Separately, Raymond James upgraded Crombie Real Estate Investment Trust from an "outperform" rating to a "strong-buy" rating and dropped their price objective for the stock from C$17.25 to C$16.75 in a report on Monday, January 13th.
View Our Latest Stock Report on CRR.UN
Crombie Real Estate Investment Trust Trading Up 0.6 %
The firm has a market cap of C$1.57 billion, a P/E ratio of -52.11 and a beta of 0.95. The business's 50-day moving average is C$14.23 and its two-hundred day moving average is C$14.14. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87.
Crombie Real Estate Investment Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.0742 per share. This represents a $0.89 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Wednesday, April 30th. Crombie Real Estate Investment Trust's payout ratio is -317.86%.
Crombie Real Estate Investment Trust Company Profile
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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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