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 given 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 6.64%. The ex-dividend date of this dividend is Friday, January 31st.

Crombie Real Estate Investment Trust Stock Performance

Shares of CRR.UN opened at C$13.40 on Wednesday. Crombie Real Estate Investment Trust has a 12 month low of C$12.25 and a 12 month high of C$16.22. The stock has a fifty day moving average price of C$13.71 and a 200-day moving average price of C$14.26. 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 cap of C$1.45 billion, a PE ratio of -47.86 and a beta of 0.95.

Analyst Upgrades and Downgrades

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

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.