Crombie Real Estate Investment Trust (TSE:CRR.UN) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Crombie Real Estate Investment Trust (TSE:CRR.UN) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.23 and traded as low as C$13.20. Crombie Real Estate Investment Trust shares last traded at C$13.37, with a volume of 91,769 shares.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CRR.UN shares. National Bankshares boosted their price target on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. Raymond James raised shares of Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and reduced their target price for the stock from C$17.25 to C$16.75 in a report on Monday, January 13th. Finally, BMO Capital Markets lifted their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Crombie Real Estate Investment Trust has an average rating of “Buy” and an average price target of C$16.06.

Crombie Real Estate Investment Trust Price Performance

The stock’s 50-day simple moving average is C$13.79 and its two-hundred day simple moving average is C$14.24. The firm has a market cap of C$1.43 billion, a P/E ratio of -47.43 and a beta of 0.95. 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 Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.0742 per share. This represents a $0.89 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date of this dividend is Friday, January 31st. Crombie Real Estate Investment Trust’s 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.