Crombie Real Estate Investment Trust (TSE:CRR.UN) Declares $0.07 Monthly Dividend

Crombie Real Estate Investment Trust (TSE:CRR.UNGet Free Report) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.0742 per share on Friday, November 15th. This represents a $0.89 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend is Thursday, October 31st.

Crombie Real Estate Investment Trust Price Performance

Shares of CRR.UN opened at C$15.30 on Wednesday. The firm has a market capitalization of C$1.65 billion, a price-to-earnings ratio of -54.64 and a beta of 0.95. 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 business’s fifty day moving average price is C$15.22 and its two-hundred day moving average price is C$13.79. Crombie Real Estate Investment Trust has a 52 week low of C$11.91 and a 52 week high of C$16.22.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. TD Securities raised their price target on 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 Wednesday, September 4th. National Bankshares raised their price target on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research report on Wednesday, October 9th. Raymond James raised their price target on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research report on Friday, September 6th. BMO Capital Markets raised their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday. Finally, Canaccord Genuity Group raised their price objective on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Crombie Real Estate Investment Trust currently has an average rating of “Moderate Buy” and an average target price of C$15.94.

Read Our Latest Research Report on CRR.UN

About Crombie Real Estate Investment Trust

(Get Free Report)

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.

See Also

Dividend History for Crombie Real Estate Investment Trust (TSE:CRR.UN)

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