Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Rating ) declared a monthly dividend on Tuesday, August 30th, TickerTech reports. Investors of record on Thursday, September 15th will be given a dividend of 0.0742 per share on Thursday, September 15th. This represents a dividend of $0.89 on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Tuesday, August 30th.
Crombie Real Estate Investment Trust stock performance
TSE:CRR.UN opened at C$16.02 on Friday. The company has a debt-to-equity ratio of 124.19, a quick ratio of 0.07, and a current ratio of 0.25. The stock has a market capitalization of $1.68 billion and a P/E ratio of 320.40. The company has a 50-day moving average price of C$16.22 and a 200-day moving average price of C$17.06. Crombie Real Estate Investment Trust has a fifty-two week low of C$15.21 and a fifty-two week high of C$19.09.
The Wall Street analyst weighs in
A number of research firms recently weighed in on CRR.UN. Shares National raised their price objective on shares of Crombie Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Wednesday, 17 August. Scotiabank decreased their target price on shares of Crombie Real Estate Investment Trust from $20.25 to $19.75 in a report on Friday, May 13th. CIBC decreased their target price on shares of Crombie Real Estate Investment Trust from $19.50 to $18.25 in a report on Monday, June 27th. Finally, TD Securities decreased their target price on shares of Crombie Real Estate Investment Trust from $20.00 to $19.50 and set a “buy” rating on the stock in a report on Friday, May 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Crombie Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus price target of C$19.08, according to data from MarketBeat.
About Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust (“Crombie”) is an unincorporated open-end real estate investment trust established under the laws of the Province of Ontario and governed by the laws of the Province of Ontario. Crombie is one of the country’s leading national retail property owners with a strategy to own, operate and develop a portfolio of anchored shopping centers of high quality grocery and drug stores, independent stores and predominantly mixed-use developments in Canada’s major urban and suburban markets.
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