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

Crombie Real Estate Investment Trust (TSE:CRR.UN) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend is Friday, January 31st.

Crombie Real Estate Investment Trust Price Performance

Shares of Crombie Real Estate Investment Trust stock opened at C$13.40 on Wednesday. Crombie Real Estate Investment Trust has a one year low of C$12.25 and a one year high of C$16.22. The stock’s fifty day moving average is C$13.71 and its 200 day moving average is C$14.26. The stock has a market cap of C$1.45 billion, a P/E ratio of -47.86 and a beta of 0.95. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CRR.UN shares. BMO Capital Markets increased their price target on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. Raymond James upgraded Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and decreased their target price for the stock from C$17.25 to C$16.75 in a research report on Monday, January 13th. Finally, National Bankshares boosted their target price on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research report on Wednesday, October 9th. 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. According to MarketBeat, Crombie Real Estate Investment Trust presently has an average rating of “Buy” and an average 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.