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

Crombie Real Estate Investment Trust (TSE:CRR.UN) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.0742 per share on Friday, February 14th. This represents a $0.89 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date of this dividend is Friday, January 31st.

Crombie Real Estate Investment Trust Stock Performance

CRR.UN stock opened at C$13.36 on Wednesday. The business has a 50 day moving average of C$13.71 and a 200-day moving average of C$14.26. The firm has a market cap of C$1.44 billion, a PE ratio of -47.71 and a beta of 0.95. Crombie Real Estate Investment Trust has a 12-month low of C$12.25 and a 12-month high of C$16.22. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. National Bankshares lifted their target price on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research note on Wednesday, October 9th. Raymond James upgraded shares of Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and dropped their target price for the company from C$17.25 to C$16.75 in a research note on Monday, January 13th. Finally, BMO Capital Markets raised their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Crombie Real Estate Investment Trust currently has a consensus rating of “Buy” and an average target price of C$16.06.

About Crombie Real Estate Investment Trust

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.