Crombie Real Estate Investment Trust (TSE:CRR.UN) Plans Monthly Dividend of $0.07

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Crombie Real Estate Investment Trust (TSE:CRR.UN) declared a monthly dividend on Wednesday, October 30th, TickerTech reports. Investors of record on Friday, November 15th will be given a dividend of 0.0742 per share on Friday, November 15th. This represents a $0.89 annualized dividend and a yield of 5.58%. The ex-dividend date is Wednesday, October 30th.

Shares of CRR.UN traded up C$0.07 during midday trading on Monday, reaching C$15.96. The stock had a trading volume of 16,485 shares, compared to its average volume of 186,519. The company’s 50-day moving average is C$15.95 and its 200 day moving average is C$15.35. Crombie Real Estate Investment Trust has a 12-month low of C$12.31 and a 12-month high of C$16.33. The company has a current ratio of 0.44, a quick ratio of 0.01 and a debt-to-equity ratio of 158.43. The company has a market capitalization of $1.43 billion and a price-to-earnings ratio of 20.28.

A number of equities analysts have recently issued reports on CRR.UN shares. National Bank Financial upped their price objective on Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. TD Securities upped their price objective on Crombie Real Estate Investment Trust from C$17.00 to C$17.50 and gave the stock a “buy” rating in a report on Friday, October 11th. Canaccord Genuity upped their price objective on Crombie Real Estate Investment Trust from C$15.75 to C$16.50 in a report on Wednesday, September 4th. Raymond James reiterated a “market perform” rating and issued a C$16.00 price objective on shares of Crombie Real Estate Investment Trust in a report on Friday, August 9th. Finally, CIBC upped their price objective on Crombie Real Estate Investment Trust from C$16.00 to C$17.00 in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Crombie Real Estate Investment Trust currently has a consensus rating of “Buy” and an average price target of C$16.38.

About Crombie Real Estate Investment Trust

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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Dividend History for Crombie Real Estate Investment Trust (TSE:CRR.UN)

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