Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Crosses Below 200 Day Moving Average of $16.94

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UNGet Rating) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.94 and traded as low as C$15.69. Crombie Real Estate Investment Trust shares last traded at C$15.96, with a volume of 176,121 shares.

Analyst Ratings Changes

Several research analysts have weighed in on the company. CIBC reduced their target price on Crombie Real Estate Investment Trust from C$19.50 to C$18.25 in a report on Monday, June 27th. National Bankshares lifted their target price on Crombie Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$19.08.

Crombie Real Estate Investment Trust Trading Up 2.0 %

The company has a market capitalization of C$2.83 billion and a P/E ratio of 319.20. The business has a fifty day moving average price of C$16.13 and a 200 day moving average price of C$16.94. The company has a quick ratio of 0.07, a current ratio of 0.25 and a debt-to-equity ratio of 124.19.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 15th will be issued a $0.0742 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.58%. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is 1,780.08%.

About Crombie Real Estate Investment Trust

(Get Rating)

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

Receive News & Ratings for Crombie Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crombie Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.