Crombie Real Estate Investment Trust (TSE:CRR.UN) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Crombie Real Estate Investment Trust (TSE:CRR.UN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.90 and traded as high as C$14.64. Crombie Real Estate Investment Trust shares last traded at C$14.38, with a volume of 163,688 shares changing hands.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Canaccord Genuity Group increased their price objective on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a report on Monday, September 16th. Raymond James raised their price target on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th. BMO Capital Markets boosted their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th. TD Securities lifted their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, National Bankshares boosted their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Crombie Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of C$15.94.

Crombie Real Estate Investment Trust Stock Down 0.2 %

The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87. The firm has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -51.39 and a beta of 0.95. The business’s fifty day moving average price is C$15.30 and its 200 day moving average price is C$13.92.

Crombie Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.0742 per share. This represents a $0.89 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend is Thursday, October 31st. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -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.