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

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

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.