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

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 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Friday, February 28th.

Crombie Real Estate Investment Trust Stock Up 1.1 %

Shares of CRR.UN traded up C$0.16 during trading hours on Wednesday, reaching C$14.42. The company’s stock had a trading volume of 31,024 shares, compared to its average volume of 206,903. The company has a 50 day moving average of C$13.53 and a two-hundred day moving average of C$14.33. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87. The firm has a market cap of C$1.56 billion, a price-to-earnings ratio of -51.50 and a beta of 0.95. Crombie Real Estate Investment Trust has a 1-year low of C$12.25 and a 1-year high of C$16.22.

Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and cut their price objective for the stock from C$17.25 to C$16.75 in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$16.07.

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.