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

Crombie Real Estate Investment Trust (TSE:CRR.UN) declared a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.0742 per share on Wednesday, May 15th. This represents a $0.89 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date of this dividend is Monday, April 29th.

Crombie Real Estate Investment Trust Price Performance

Shares of TSE:CRR.UN opened at C$12.92 on Friday. Crombie Real Estate Investment Trust has a fifty-two week low of C$11.68 and a fifty-two week high of C$15.69. The business has a 50-day simple moving average of C$13.63 and a two-hundred day simple moving average of C$13.44. The company has a debt-to-equity ratio of 119.86, a quick ratio of 0.11 and a current ratio of 0.15. The firm has a market cap of C$1.38 billion, a price-to-earnings ratio of -39.15 and a beta of 0.91.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CRR.UN shares. National Bankshares reduced their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating for the company in a research report on Wednesday. TD Securities reduced their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research report on Wednesday. BMO Capital Markets upped their price target on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Monday, February 26th. Desjardins boosted their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Raymond James set a C$16.00 price objective on Crombie Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$15.42.

Insiders Place Their Bets

In other Crombie Real Estate Investment Trust news, Director Michael Harold Vels purchased 6,500 shares of the company’s stock in a transaction on Friday, March 1st. The stock was acquired at an average cost of C$13.85 per share, for a total transaction of C$90,025.00. 0.14% of the stock is currently owned by corporate insiders.

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.