Crombie Real Estate Investment Trust (TSE:CRR.UN) Shares Pass Below 200-Day Moving Average of $16.86

Crombie Real Estate Investment Trust (TSE:CRR.UNGet Rating) shares 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 trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CRR.UN shares. National Bankshares raised their target price on shares of Crombie Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. CIBC dropped their target price on shares of Crombie Real Estate Investment Trust from C$19.50 to C$18.25 in a report on Monday, June 27th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Crombie Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of C$19.08.

Crombie Real Estate Investment Trust Price Performance

The company’s 50-day moving average is C$16.09 and its 200-day moving average is 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 firm also recently declared a monthly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were issued a $0.0742 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.89 annualized dividend and a 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.

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