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

Crombie Real Estate Investment Trust (TSE:CRR.UN) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Investors of record on Thursday, May 15th will be paid a dividend of 0.0742 per share on Thursday, May 15th. This represents a $0.89 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Wednesday, April 30th.

Crombie Real Estate Investment Trust Price Performance

Crombie Real Estate Investment Trust stock opened at C$14.60 on Monday. The stock has a fifty day moving average of C$14.20 and a 200-day moving average of C$14.16. The stock has a market capitalization of C$1.58 billion, a P/E ratio of -52.14 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. Crombie Real Estate Investment Trust has a 52 week low of C$12.25 and a 52 week high of C$16.22.

Analyst Ratings Changes

Separately, Raymond James raised shares of Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from C$17.25 to C$16.75 in a report on Monday, January 13th.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada’s urban and suburban markets.