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

Crombie Real Estate Investment Trust (TSE:CRR.UN) announced a monthly dividend on Thursday, October 31st, TickerTech reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.0742 per share on Friday, November 15th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date is Thursday, October 31st.

Crombie Real Estate Investment Trust Price Performance

TSE:CRR.UN traded down C$0.07 during trading hours on Tuesday, reaching C$15.23. 9,398 shares of the company were exchanged, compared to its average volume of 172,392. The stock’s 50-day moving average is C$15.19 and its 200-day moving average is C$13.78. Crombie Real Estate Investment Trust has a twelve month low of C$11.91 and a twelve month high of C$16.22. The firm has a market cap of C$1.64 billion, a PE ratio of -54.64 and a beta of 0.95. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87.

Wall Street Analysts Forecast Growth

CRR.UN has been the subject of several research analyst reports. Canaccord Genuity Group upped their price target on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. BMO Capital Markets increased their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday. Raymond James lifted their price target on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th. National Bankshares increased 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. Finally, TD Securities raised their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$15.94.

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.