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

Crombie Real Estate Investment Trust (TSE:CRR.UN) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.0742 per share on Friday, March 14th. This represents a $0.89 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date of this dividend is Friday, February 28th.

Crombie Real Estate Investment Trust Stock Performance

Shares of TSE CRR.UN traded up C$0.12 during midday trading on Wednesday, hitting C$14.38. 24,318 shares of the company’s stock were exchanged, compared to its average volume of 206,854. Crombie Real Estate Investment Trust has a twelve month low of C$12.25 and a twelve month high of C$16.22. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. The firm has a market cap of C$1.55 billion, a P/E ratio of -51.36 and a beta of 0.95. The stock’s 50 day moving average price is C$13.53 and its 200-day moving average price is C$14.33.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and decreased their price target for the stock from C$17.25 to C$16.75 in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$16.07.

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.