Crombie Real Estate Investment Trust (TSE:CRR.UN) Sets New 1-Year High at $15.97

Crombie Real Estate Investment Trust (TSE:CRR.UN) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$15.97 and last traded at C$15.90, with a volume of 34895 shares trading hands. The stock had previously closed at C$15.84.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Raymond James increased their target price on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research report on Friday, September 6th. Canaccord Genuity Group boosted their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a “hold” rating in a report on Monday. Finally, TD Securities upped their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$15.53.

Crombie Real Estate Investment Trust Price Performance

The company has a 50 day moving average price of C$14.30 and a 200 day moving average price of C$13.51. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87. The company has a market capitalization of C$1.72 billion, a price-to-earnings ratio of -56.57 and a beta of 0.94.

Crombie Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were issued a $0.0742 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.89 dividend on an annualized basis and a yield of 5.59%. Crombie Real Estate Investment Trust’s dividend payout ratio is presently -317.86%.

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.