Crombie Real Estate Investment Trust (CRR.UN) to Issue Monthly Dividend of $0.07 on October 15th

Crombie Real Estate Investment Trust (TSE:CRR.UN) declared a monthly dividend on Friday, September 27th, TickerTech reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.0742 per share on Tuesday, October 15th. This represents a $0.89 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Friday, September 27th.

Crombie Real Estate Investment Trust Trading Up 0.6 %

TSE:CRR.UN traded up C$0.10 during trading hours on Thursday, reaching C$16.00. The company’s stock had a trading volume of 282,108 shares, compared to its average volume of 171,882. The firm has a market capitalization of C$1.73 billion, a price-to-earnings ratio of -57.14 and a beta of 0.94. The firm has a 50-day simple moving average of C$14.51 and a 200-day simple moving average of C$13.56. Crombie Real Estate Investment Trust has a 1 year low of C$11.68 and a 1 year high of C$16.10. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CRR.UN. Raymond James lifted their target price on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th. TD Securities lifted their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Canaccord Genuity Group lifted their target price on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$15.53.

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.