Crombie Real Estate Investment Trust Announces 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. Stockholders 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 dividend yield of 6.19%. The ex-dividend date is Friday, February 28th.

Crombie Real Estate Investment Trust Trading Up 0.8 %

Crombie Real Estate Investment Trust stock traded up C$0.12 during midday trading on Wednesday, reaching C$14.38. The stock had a trading volume of 24,318 shares, compared to its average volume of 206,854. The firm’s fifty day simple moving average is C$13.53 and its two-hundred day simple moving average is C$14.33. The firm has a market cap of C$1.55 billion, a price-to-earnings ratio of -51.36 and a beta of 0.95. 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.

Wall Street Analysts Forecast Growth

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