Crombie Real Estate Investment Trust (TSE:CRR.UN) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Crombie Real Estate Investment Trust (TSE:CRR.UN)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.10 and traded as low as C$13.97. Crombie Real Estate Investment Trust shares last traded at C$14.01, with a volume of 173,084 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on CRR.UN. Raymond James lifted their target price on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a report on Friday, September 6th. BMO Capital Markets boosted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th. TD Securities raised their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. National Bankshares boosted their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. Finally, Canaccord Genuity Group raised their target price on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a “hold” rating in a report on Monday, September 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$16.06.

Crombie Real Estate Investment Trust Stock Down 0.9 %

The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. The company has a 50-day moving average price of C$14.76 and a 200 day moving average price of C$14.10. The firm has a market capitalization of C$1.50 billion, a PE ratio of -49.61 and a beta of 0.95.

Crombie Real Estate Investment Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a $0.0742 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.89 dividend on an annualized basis and a yield of 6.41%. Crombie Real Estate Investment Trust’s dividend payout ratio is currently -317.86%.

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.