Crombie Real Estate Investment Trust (TSE:CRR.UN) Director Mark Holly Acquires 5,000 Shares of Stock

Crombie Real Estate Investment Trust (TSE:CRR.UNGet Free Report) Director Mark Holly bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were purchased at an average cost of C$13.03 per share, for a total transaction of C$65,150.00.

Crombie Real Estate Investment Trust Price Performance

TSE:CRR.UN traded down C$0.02 on Friday, reaching C$12.99. The stock had a trading volume of 62,957 shares, compared to its average volume of 164,840. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 120.18. The company has a market capitalization of C$1.40 billion, a P/E ratio of -39.36 and a beta of 0.92. Crombie Real Estate Investment Trust has a 1-year low of C$11.68 and a 1-year high of C$15.31. The stock has a fifty day moving average price of C$13.31 and a 200-day moving average price of C$13.50.

Crombie Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were issued a $0.0742 dividend. This represents a $0.89 annualized dividend and a dividend yield of 6.85%. The ex-dividend date of this dividend was Monday, April 29th. Crombie Real Estate Investment Trust’s payout ratio is currently -269.70%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CRR.UN shares. BMO Capital Markets lifted their price objective on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a report on Monday, February 26th. National Bankshares decreased their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Raymond James set a C$16.00 price objective on shares of Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Thursday, March 28th. CIBC lowered their target price on shares of Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a research note on Friday, May 10th. Finally, TD Securities dropped 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, April 24th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.28.

Check Out Our Latest Report on Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust Company Profile

(Get Free Report)

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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