Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.55 and traded as high as C$15.07. Crombie Real Estate Investment Trust shares last traded at C$15.04, with a volume of 192,260 shares.
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 price target for the company in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Crombie Real Estate Investment Trust currently has an average rating of "Buy" and a consensus target price of C$16.31.
Read Our Latest Stock Report on CRR.UN
Crombie Real Estate Investment Trust Trading Up 0.2%
The stock has a market cap of C$2.77 billion, a PE ratio of -787.48 and a beta of 0.90. The company's 50-day moving average price is C$14.82 and its 200 day moving average price is C$14.56. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14.
Crombie Real Estate Investment Trust Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were given a $0.0742 dividend. The ex-dividend date was Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.9%. Crombie Real Estate Investment Trust's payout ratio is currently -4,672.62%.
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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