Crombie Real Estate Investment Trust (CRR.UN) To Go Ex-Dividend on September 27th

Crombie Real Estate Investment Trust (TSE:CRR.UN) declared a monthly dividend on Friday, September 27th, TickerTech reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.0742 per share on Tuesday, October 15th. This represents a $0.89 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Friday, September 27th.

Crombie Real Estate Investment Trust Stock Performance

Shares of CRR.UN stock traded up C$0.10 during trading hours on Thursday, hitting C$16.00. 282,108 shares of the company were exchanged, compared to its average volume of 171,882. Crombie Real Estate Investment Trust has a 52-week low of C$11.68 and a 52-week high of C$16.10. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87. The firm has a fifty day simple moving average of C$14.51 and a 200 day simple moving average of C$13.56. The stock has a market capitalization of C$1.73 billion, a price-to-earnings ratio of -57.14 and a beta of 0.94.

Analyst Ratings Changes

A number of research analysts have weighed in on CRR.UN shares. Canaccord Genuity Group lifted their price target on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Raymond James boosted their target price on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th. Finally, TD Securities increased their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Crombie Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus price target of C$15.53.

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.