Crombie Real Estate Investment Trust (TSE:CRR.UN) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$16.29 and last traded at C$16.12, with a volume of 8703 shares trading hands. The stock had previously closed at C$16.21.

Several equities research analysts have weighed in on CRR.UN shares. CIBC increased their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$17.00 in a research report on Friday, August 9th. Canaccord Genuity increased their price target on shares of Crombie Real Estate Investment Trust from C$15.75 to C$16.50 in a research note on Wednesday, September 4th. Raymond James reiterated a “market perform” rating and issued a C$16.00 price target on shares of Crombie Real Estate Investment Trust in a research note on Friday, August 9th. National Bank Financial increased their price target on shares of Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, TD Securities increased their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$16.31.

The business has a 50-day moving average of C$15.79 and a 200-day moving average of C$15.21. The company has a debt-to-equity ratio of 158.43, a quick ratio of 0.01 and a current ratio of 0.44. The stock has a market capitalization of $1.45 billion and a price-to-earnings ratio of 20.48.

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were given a dividend of $0.0742 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date was Thursday, August 29th. Crombie Real Estate Investment Trust’s payout ratio is 113.09%.

About Crombie Real Estate Investment Trust (TSE:CRR.UN)

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.

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