Crombie Real Estate Investment Trust (CRR.UN) to Issue Monthly Dividend of $0.07 on May 15th

Crombie Real Estate Investment Trust (TSE:CRR.UN) 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 dividend yield of 6.89%. The ex-dividend date of this dividend is Monday, April 29th.

Crombie Real Estate Investment Trust Price Performance

Shares of Crombie Real Estate Investment Trust stock traded up C$0.09 on Friday, hitting C$12.92. The company’s stock had a trading volume of 97,269 shares, compared to its average volume of 166,332. Crombie Real Estate Investment Trust has a 52-week low of C$11.68 and a 52-week high of C$15.69. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 119.86. The firm has a fifty day moving average price of C$13.63 and a 200-day moving average price of C$13.44. The company has a market capitalization of C$1.38 billion, a P/E ratio of -39.15 and a beta of 0.91.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Raymond James set a C$16.00 price objective on shares of Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Thursday, March 28th. National Bankshares decreased their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating on the stock in a research report on Wednesday. TD Securities decreased their price objective on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research report on Wednesday. Desjardins boosted their price objective 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. Finally, BMO Capital Markets boosted their target price on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$15.42.

Insider Activity at Crombie Real Estate Investment Trust

In related news, Director Michael Harold Vels acquired 6,500 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was bought at an average price of C$13.85 per share, with a total value of C$90,025.00. 0.14% of the stock is currently owned by corporate insiders.

Crombie Real Estate Investment Trust Company Profile

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.