Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.
Wall Street Analysts Forecast Growth
Separately, Raymond James Financial upgraded 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 report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$16.25.
View Our Latest Report on CRR.UN
Crombie Real Estate Investment Trust Stock Performance
The company has a 50-day moving average of C$14.80 and a 200-day moving average of C$14.52. The firm has a market capitalization of C$1.62 billion, a price-to-earnings ratio of -53.64 and a beta of 0.95. 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 firm also recently announced a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were issued a dividend of $0.0742 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date 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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