Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) declared a monthly dividend on Wednesday, July 31st, TickerTech reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.0742 per share on Thursday, August 15th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date is Wednesday, July 31st.
Crombie Real Estate Investment Trust Trading Up 0.4 %
Shares of CRR.UN stock opened at C$13.86 on Monday. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 120.18. The firm has a market cap of C$1.49 billion, a P/E ratio of -42.00 and a beta of 0.92. The business has a 50-day moving average price of C$12.87 and a two-hundred day moving average price of C$13.30. Crombie Real Estate Investment Trust has a 12-month low of C$11.68 and a 12-month high of C$14.50.
Insider Activity
In related news, Director Mark Holly acquired 5,000 shares of Crombie Real Estate Investment Trust stock in a transaction on Thursday, May 16th. The shares were acquired at an average cost of C$13.03 per share, with a total value of C$65,150.00. Insiders own 1.16% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on CRR.UN shares. Scotiabank cut their target price on Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an “outperform” rating for the company in a research note on Monday, May 13th. TD Securities cut their price objective on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research note on Wednesday, April 24th. CIBC decreased their target price on shares of Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a research report on Friday, May 10th. Finally, National Bankshares cut 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, April 24th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$15.28.
Check Out Our Latest Stock Analysis on CRR.UN
About Crombie Real Estate Investment Trust
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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