Crombie Real Estate Investment Trust (TSE:CRR.UN) Shares Cross Below 200-Day Moving Average of $14.57

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UNGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.57 and traded as low as C$13.44. Crombie Real Estate Investment Trust shares last traded at C$13.49, with a volume of 97,028 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. National Bankshares dropped their price target on Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a research report on Tuesday, July 18th. Royal Bank of Canada dropped their price target on Crombie Real Estate Investment Trust from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 15th. Finally, TD Securities dropped their price objective on shares of Crombie Real Estate Investment Trust from C$17.00 to C$16.50 and set a “buy” rating for the company in a research note on Friday, August 11th.

Get Our Latest Research Report on CRR.UN

Crombie Real Estate Investment Trust Stock Performance

The firm has a 50-day moving average price of C$13.59 and a 200 day moving average price of C$14.57. The firm has a market capitalization of C$1.43 billion, a PE ratio of 674.50 and a beta of 0.85. The company has a quick ratio of 0.11, a current ratio of 0.17 and a debt-to-equity ratio of 116.65.

Crombie Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 15th will be paid a $0.0742 dividend. This represents a $0.89 annualized dividend and a dividend yield of 6.60%. The ex-dividend date is Wednesday, August 30th. Crombie Real Estate Investment Trust’s payout ratio is 4,450.00%.

About Crombie Real Estate Investment Trust

(Get Free Report)

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.

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