Crombie Real Estate Investment Trust (TSE:CRR.UN) Share Price Crosses Below 200 Day Moving Average of $16.86

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UNGet Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.86 and traded as low as C$15.40. Crombie Real Estate Investment Trust shares last traded at C$15.49, with a volume of 146,792 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CRR.UN shares. CIBC cut their price target on Crombie Real Estate Investment Trust from C$19.50 to C$18.25 in a report on Monday, June 27th. National Bankshares upped their price target 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$19.08.

Crombie Real Estate Investment Trust Stock Down 2.5 %

The business has a 50 day moving average of C$16.09 and a 200 day moving average of C$16.86. The company has a debt-to-equity ratio of 124.19, a current ratio of 0.25 and a quick ratio of 0.07. The firm has a market capitalization of C$2.75 billion and a price-to-earnings ratio of 309.80.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were paid a $0.0742 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.75%. Crombie Real Estate Investment Trust’s payout ratio is 1,780.08%.

Crombie Real Estate Investment Trust Company Profile

(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.