Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Price Crosses Above 200-Day Moving Average of $13.37

Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Price Crosses Above 200-Day Moving Average of .37

Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.37 and traded as high as C$14.00. Crombie Real Estate Investment Trust shares last traded at C$13.72, with a volume of 1,774,590 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. National Bankshares upped their price target on shares of Crombie Real Estate Investment Trust from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Monday, November 13th. BMO Capital Markets set a C$14.50 target price on shares of Crombie Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Thursday, November 30th. CIBC lowered their target price on shares of Crombie Real Estate Investment Trust from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Scotiabank lowered their target price on shares of Crombie Real Estate Investment Trust from C$18.25 to C$16.75 and set an “outperform” rating for the company in a research note on Friday, November 10th. Finally, Desjardins set a C$17.50 target price on shares of Crombie Real Estate Investment Trust and gave the company a “buy” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Crombie Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus target price of C$15.89.

Check Out Our Latest Stock Report on CRR.UN

Crombie Real Estate Investment Trust Stock Down 1.9 %

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The firm’s 50-day moving average price is C$12.96 and its 200 day moving average price is C$13.36. The firm has a market cap of C$1.46 billion, a P/E ratio of 686.00 and a beta of 0.91. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 118.04.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.0742 per share. The ex-dividend date was Monday, October 30th. This represents a $0.89 annualized dividend and a dividend yield of 6.49%. Crombie Real Estate Investment Trust’s dividend payout ratio is currently 4,450.00%.

Crombie Real Estate Investment Trust Company Profile

(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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