Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Passes Below 200-Day Moving Average of $13.44

Crombie Real Estate Investment Trust (TSE:CRR.UN) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.44 and traded as low as C$12.33. Crombie Real Estate Investment Trust shares last traded at C$12.45, with a volume of 155,319 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CRR.UN. Raymond James set a C$16.00 target price on shares of Crombie Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Thursday, March 28th. National Bankshares cut their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. BMO Capital Markets raised their target price on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Monday, February 26th. CIBC reduced their target price on shares of Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a report on Friday, May 10th. Finally, Desjardins increased their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Friday, February 23rd. 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, Crombie Real Estate Investment Trust has an average rating of “Moderate Buy” and an average target price of C$15.28.

Crombie Real Estate Investment Trust Trading Down 0.5 %

The firm has a market cap of C$1.34 billion, a PE ratio of -37.73 and a beta of 0.92. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 120.18. The company’s 50 day moving average price is C$12.84 and its two-hundred day moving average price is C$13.44.

Crombie Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were paid a $0.0742 dividend. This represents a $0.89 annualized dividend and a dividend yield of 7.15%. The ex-dividend date of this dividend was Friday, May 31st. Crombie Real Estate Investment Trust’s dividend payout ratio is currently -269.70%.

Insider Activity

In related news, Director Mark Holly purchased 5,000 shares of Crombie Real Estate Investment Trust stock in a transaction that occurred on Thursday, May 16th. The shares were bought at an average price of C$13.03 per share, with a total value of C$65,150.00. Insiders own 1.16% of the company’s stock.

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.