Crombie Real Estate Investment Trust (TSE:CRR.UN) Sets New 12-Month Low at $16.03

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Crombie Real Estate Investment Trust (TSE:CRR.UNGet Rating)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$16.03 and last traded at C$16.12, with a volume of 49914 shares changing hands. The stock had previously closed at C$16.50.

A number of analysts have recently weighed in on CRR.UN shares. Scotiabank decreased their price target on shares of Crombie Real Estate Investment Trust from C$20.25 to C$19.75 in a research report on Friday, May 13th. Canaccord Genuity Group raised shares of Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Friday, February 25th. Finally, TD Securities decreased their price target on shares of Crombie Real Estate Investment Trust from C$20.00 to C$19.50 and set a “buy” rating for the company in a research report on Friday, May 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$19.38.

The stock has a market cap of C$2.85 billion and a price-to-earnings ratio of 18.10. The business’s fifty day simple moving average is C$17.38 and its 200 day simple moving average is C$17.68. The company has a debt-to-equity ratio of 121.55, a current ratio of 0.12 and a quick ratio of 0.06.

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, May 13th were issued a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend was Thursday, April 28th. Crombie Real Estate Investment Trust’s dividend payout ratio is presently 100.00%.

In other Crombie Real Estate Investment Trust news, Director Donald Everett Clow sold 14,921 shares of Crombie Real Estate Investment Trust stock in a transaction on Wednesday, March 30th. The shares were sold at an average price of C$18.40, for a total value of C$274,576.24. Following the completion of the transaction, the director now owns 65,093 shares of the company’s stock, valued at C$1,197,841.39.

About Crombie Real Estate Investment Trust (TSE:CRR.UN)

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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