Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.49 and traded as high as C$15.21. Crombie Real Estate Investment Trust shares last traded at C$15.11, with a volume of 184,426 shares trading hands.
Analysts Set New Price Targets
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 price target for the company in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$16.25.
Read Our Latest Report on CRR.UN
Crombie Real Estate Investment Trust Price Performance
The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87. The firm has a market capitalization of C$1.64 billion, a PE ratio of -54.21 and a beta of 0.95. The company has a fifty day moving average price of C$14.79 and a two-hundred day moving average price of C$14.51.
Crombie Real Estate Investment Trust Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were issued a $0.0742 dividend. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, July 31st. Crombie Real Estate Investment Trust's payout ratio is presently -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.
Further Reading
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