Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.42 and traded as high as C$15.04. Crombie Real Estate Investment Trust shares last traded at C$15.02, with a volume of 160,605 shares traded.
Wall Street Analysts Forecast Growth
Separately, Raymond James Financial upgraded 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 investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$16.25.
Read Our Latest Stock Analysis on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Stock Performance
The stock has a market cap of C$1.62 billion, a price-to-earnings ratio of -53.71 and a beta of 0.95. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. The stock's 50-day moving average is C$14.76 and its 200-day moving average is C$14.46.
Crombie Real Estate Investment Trust Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were paid a $0.0742 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, July 31st. Crombie Real Estate Investment Trust's dividend payout ratio (DPR) is presently -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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