Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Crosses Below 200 Day Moving Average of $14.41

Crombie Real Estate Investment Trust (TSE:CRR.UN) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.41 and traded as low as C$13.67. Crombie Real Estate Investment Trust shares last traded at C$13.73, with a volume of 98,670 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered their target price on Crombie Real Estate Investment Trust from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 15th. National Bankshares reduced 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. Finally, TD Securities lowered their target price on 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.

Crombie Real Estate Investment Trust Price Performance

The company has a current ratio of 0.17, a quick ratio of 0.11 and a debt-to-equity ratio of 116.65. The firm has a market capitalization of C$1.46 billion, a P/E ratio of 686.50 and a beta of 0.86. The firm has a 50 day moving average price of C$13.56 and a 200-day moving average price of C$14.41.

Crombie Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 15th were given a $0.0742 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.49%. Crombie Real Estate Investment Trust’s payout ratio is 4,450.00%.

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.