Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) announced a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.0742 per share on Wednesday, May 15th. This represents a $0.89 annualized dividend and a yield of 6.89%. The ex-dividend date of this dividend is Monday, April 29th.
Crombie Real Estate Investment Trust Stock Up 0.7 %
TSE:CRR.UN traded up C$0.09 during trading hours on Friday, hitting C$12.92. The stock had a trading volume of 97,269 shares, compared to its average volume of 166,332. The company has a current ratio of 0.15, a quick ratio of 0.11 and a debt-to-equity ratio of 119.86. Crombie Real Estate Investment Trust has a 1-year low of C$11.68 and a 1-year high of C$15.69. The business has a 50 day simple moving average of C$13.63 and a two-hundred day simple moving average of C$13.45. The company has a market cap of C$1.38 billion, a PE ratio of -39.15 and a beta of 0.91.
Insider Buying and Selling
In other news, Director Michael Harold Vels acquired 6,500 shares of Crombie Real Estate Investment Trust stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average cost of C$13.85 per share, for a total transaction of C$90,025.00. 0.14% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on CRR.UN shares. National Bankshares decreased their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an "outperform" rating for the company in a research report on Wednesday. Desjardins raised their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Scotiabank decreased their price target on shares of Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an "outperform" rating for the company in a research report on Friday, February 23rd. BMO Capital Markets raised their price target on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Monday, February 26th. Finally, Raymond James set a C$16.00 price target on shares of Crombie Real Estate Investment Trust and gave the stock an "outperform" rating in a research report on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$15.42.
Check Out Our Latest Analysis on Crombie Real Estate Investment Trust
About Crombie Real Estate Investment Trust
(
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Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets.
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