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

Crombie Real Estate Investment Trust (TSE:CRR.UN) declared a monthly dividend on Monday, April 29th, TickerTech reports. Stockholders 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 is Monday, April 29th.

Crombie Real Estate Investment Trust Trading Up 0.7 %

Shares of TSE:CRR.UN opened at C$12.92 on Friday. Crombie Real Estate Investment Trust has a 52-week low of C$11.68 and a 52-week high of C$15.69. The stock has a market cap of C$1.38 billion, a price-to-earnings ratio of -39.15 and a beta of 0.91. 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 business has a 50-day moving average price of C$13.63 and a 200-day moving average price of C$13.44.

Insider Buying and Selling at Crombie Real Estate Investment Trust

In other Crombie Real Estate Investment Trust news, Director Michael Harold Vels acquired 6,500 shares of the company’s stock in a transaction on Friday, March 1st. The shares were bought at an average cost of C$13.85 per share, with a total value of C$90,025.00. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CRR.UN shares. TD Securities reduced their price objective on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research note on Wednesday. Scotiabank reduced their price target on Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Raymond James set a C$16.00 price target on Crombie Real Estate Investment Trust and gave the company an “outperform” rating in a research report on Thursday, March 28th. National Bankshares reduced their price target on 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. Finally, Desjardins lifted their price target on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$15.42.

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.