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

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

Crombie Real Estate Investment Trust Trading Up 0.7 %

TSE CRR.UN opened at C$12.92 on Friday. The firm has a market cap of C$1.38 billion, a PE ratio of -39.15 and a beta of 0.91. Crombie Real Estate Investment Trust has a 1-year low of C$11.68 and a 1-year high of C$15.69. The stock has a 50-day moving average of C$13.63 and a 200-day moving average of C$13.45. The company has a current ratio of 0.15, a quick ratio of 0.11 and a debt-to-equity ratio of 119.86.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Scotiabank cut their target price on Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. National Bankshares dropped their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating for the company in a report on Wednesday. Raymond James set a C$16.00 target price on Crombie Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Thursday, March 28th. Desjardins upped their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, TD Securities cut their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a report on Wednesday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$15.42.

Insider Transactions at Crombie Real Estate Investment Trust

In other news, Director Michael Harold Vels bought 6,500 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of C$13.85 per share, for a total transaction of C$90,025.00. 0.14% of the stock is owned by insiders.

About Crombie Real Estate Investment Trust

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.