Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) 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.
View Our Latest Research Report on CRR.UN
Crombie Real Estate Investment Trust Price Performance
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.
Recommended Stories
- Five stocks we like better than Crombie Real Estate Investment Trust
- Where to Find Earnings Call Transcripts
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- The 3 Best Retail Stocks to Shop for in August
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- What Are Some of the Best Large-Cap Stocks to Buy?
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Receive News & Ratings for Crombie Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crombie Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.