Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Crombie Real Estate Investment Trust (TSE:CRR.UN)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.23 and traded as low as C$13.20. Crombie Real Estate Investment Trust shares last traded at C$13.37, with a volume of 91,769 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CRR.UN shares. National Bankshares lifted their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. BMO Capital Markets lifted their price target on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. Finally, Raymond James raised Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the stock from C$17.25 to C$16.75 in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Crombie Real Estate Investment Trust has an average rating of “Buy” and an average price target of C$16.06.

Crombie Real Estate Investment Trust Price Performance

The stock has a market cap of C$1.44 billion, a PE ratio of -47.75 and a beta of 0.95. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. The firm’s 50 day moving average price is C$13.82 and its two-hundred day moving average price is C$14.23.

Crombie Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be paid a $0.0742 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.89 annualized dividend and a yield of 6.66%. Crombie Real Estate Investment Trust’s dividend payout ratio is currently -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.