Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$14.52 and last traded at C$14.52, with a volume of 13036 shares trading hands. The stock had previously closed at C$14.47.
Analyst Upgrades and Downgrades
CRR.UN has been the subject of several recent analyst reports. Scotiabank cut their target price on Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an “outperform” rating for the company in a research note on Monday, May 13th. CIBC dropped their price objective on Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a research report on Friday, May 10th. Finally, Raymond James increased their price objective on shares of Crombie Real Estate Investment Trust from C$16.00 to C$16.25 in a research note on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$15.31.
Get Our Latest Stock Analysis on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Trading Up 1.4 %
Crombie Real Estate Investment Trust Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.0742 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date was Wednesday, July 31st. Crombie Real Estate Investment Trust’s payout ratio is -317.86%.
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.
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