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Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Crombie Real Estate Investment Trust logo with Real Estate background

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.07 and traded as high as C$14.87. Crombie Real Estate Investment Trust shares last traded at C$14.84, with a volume of 103,105 shares changing hands.

Crombie Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14. The company has a 50-day simple moving average of C$14.48 and a 200-day simple moving average of C$14.07. The company has a market cap of C$1.60 billion, a price-to-earnings ratio of -53.00 and a beta of 0.95.

Crombie Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 13th will be paid a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend is Friday, May 30th. Crombie Real Estate Investment Trust's payout ratio is currently -317.86%.

About Crombie Real Estate Investment Trust

(Get Free Report)

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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