Crombie Real Estate Investment Trust (TSE:CRR.UN) Shares Cross Below 200-Day Moving Average – What’s Next?

Crombie Real Estate Investment Trust (TSE:CRR.UN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.26 and traded as low as C$13.33. Crombie Real Estate Investment Trust shares last traded at C$13.40, with a volume of 218,222 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRR.UN. National Bankshares raised their price objective on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research note on Wednesday, October 9th. BMO Capital Markets raised their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. Finally, Raymond James raised Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the company from C$17.25 to C$16.75 in a research note 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$16.06.

Crombie Real Estate Investment Trust Stock Down 0.1 %

The stock has a 50 day moving average price of C$13.71 and a 200 day moving average price of C$14.26. The stock has a market capitalization of C$1.45 billion, a price-to-earnings ratio of -47.86 and a beta of 0.95. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.0742 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date is Friday, January 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.