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

Crombie Real Estate Investment Trust (TSE:CRR.UNGet Free Report) announced a monthly dividend on Friday, May 31st, TickerTech reports. Investors of record on Friday, June 14th will be given a dividend of 0.0742 per share on Friday, June 14th. This represents a $0.89 annualized dividend and a yield of 7.12%. The ex-dividend date is Friday, May 31st.

Crombie Real Estate Investment Trust Price Performance

TSE:CRR.UN traded down C$0.11 during trading hours on Wednesday, hitting C$12.50. 46,490 shares of the company’s stock traded hands, compared to its average volume of 159,857. The firm has a market cap of C$1.34 billion, a P/E ratio of -38.09 and a beta of 0.92. Crombie Real Estate Investment Trust has a 52 week low of C$11.68 and a 52 week high of C$14.93. The business’s fifty day simple moving average is C$13.16 and its two-hundred day simple moving average is C$13.49. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 120.18.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CRR.UN shares. TD Securities dropped their price target on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research note on Wednesday, April 24th. Scotiabank dropped their price target on Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an “outperform” rating for the company in a research note on Monday, May 13th. Desjardins lifted their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Raymond James set a C$16.00 price objective on Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, CIBC decreased their price objective on Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Crombie Real Estate Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of C$15.28.

Check Out Our Latest Research Report on Crombie Real Estate Investment Trust

Insider Activity at Crombie Real Estate Investment Trust

In other Crombie Real Estate Investment Trust news, Director Mark Holly acquired 5,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average cost of C$13.03 per share, with a total value of C$65,150.00. In related news, Director Michael Harold Vels acquired 6,500 shares of Crombie Real Estate Investment Trust stock in a transaction dated Friday, March 1st. The stock was purchased at an average cost of C$13.85 per share, for a total transaction of C$90,025.00. Also, Director Mark Holly bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was purchased at an average cost of C$13.03 per share, with a total value of C$65,150.00. In the last three months, insiders have acquired 12,500 shares of company stock valued at $168,085. 1.16% of the stock is owned by corporate insiders.

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.

See Also

Dividend History for Crombie Real Estate Investment Trust (TSE:CRR.UN)

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