Crombie Real Estate Investment Trust (TSE:CRR.UN) Plans Monthly Dividend of $0.07

Crombie Real Estate Investment Trust (TSE:CRR.UN) declared a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.0742 per share on Wednesday, May 15th. This represents a $0.89 annualized dividend and a yield of 6.89%. The ex-dividend date of this dividend is Monday, April 29th.

Crombie Real Estate Investment Trust Stock Performance

TSE CRR.UN opened at C$12.92 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.11 and a debt-to-equity ratio of 119.86. The business’s 50 day moving average is C$13.63 and its two-hundred day moving average is C$13.44. Crombie Real Estate Investment Trust has a 12-month low of C$11.68 and a 12-month high of C$15.69. The stock has a market capitalization of C$1.38 billion, a price-to-earnings ratio of -39.15 and a beta of 0.91.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Desjardins upped their price target on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets upped their price target on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a report on Monday, February 26th. TD Securities lowered their price target on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a report on Wednesday. Scotiabank lowered their price target on Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Finally, Raymond James set a C$16.00 price target on Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$15.42.

Insider Activity at Crombie Real Estate Investment Trust

In related news, Director Michael Harold Vels bought 6,500 shares of Crombie Real Estate Investment Trust stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average price of C$13.85 per share, with a total value of C$90,025.00. 0.14% of the stock is owned by corporate insiders.

Crombie Real Estate Investment Trust Company Profile

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.