Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.0742 per share on Friday, February 14th. This represents a $0.89 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend is Friday, January 31st.
Crombie Real Estate Investment Trust Trading Down 0.3 %
TSE:CRR.UN opened at C$13.36 on Wednesday. The firm has a market capitalization of C$1.44 billion, a P/E ratio of -47.71 and a beta of 0.95. Crombie Real Estate Investment Trust has a 52 week low of C$12.25 and a 52 week high of C$16.22. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87. The company has a fifty day moving average of C$13.71 and a 200 day moving average of C$14.26.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. BMO Capital Markets increased their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. National Bankshares boosted their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research report on Wednesday, October 9th. Finally, Raymond James upgraded shares of Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the stock from C$17.25 to C$16.75 in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$16.06.
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.
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