Crombie Real Estate Investment Trust (CRR.UN) to Issue Monthly Dividend of $0.07 on March 14th

Crombie Real Estate Investment Trust (TSE:CRR.UN) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.0742 per share on Friday, March 14th. This represents a $0.89 annualized dividend and a dividend yield of 6.20%. The ex-dividend date of this dividend is Friday, February 28th.

Crombie Real Estate Investment Trust Stock Up 0.7 %

Shares of Crombie Real Estate Investment Trust stock traded up C$0.10 during trading on Wednesday, reaching C$14.36. 41,411 shares of the company traded hands, compared to its average volume of 207,042. The firm has a market capitalization of C$1.55 billion, a PE ratio of -51.29 and a beta of 0.95. The company has a 50 day moving average price of C$13.53 and a 200-day moving average price of C$14.33. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. Crombie Real Estate Investment Trust has a 1-year low of C$12.25 and a 1-year high of C$16.22.

Analyst Ratings Changes

Separately, Raymond James raised shares of Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the stock from C$17.25 to C$16.75 in a research report on Monday, January 13th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Crombie Real Estate Investment Trust currently has a consensus rating of “Buy” and a consensus price target of C$16.07.

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.