Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Passes Below 200-Day Moving Average of $13.44

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.44 and traded as low as C$12.33. Crombie Real Estate Investment Trust shares last traded at C$12.45, with a volume of 155,319 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CRR.UN. CIBC lowered their price target on shares of Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a research report on Friday, May 10th. Scotiabank lowered their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Raymond James set a C$16.00 price target on shares of Crombie Real Estate Investment Trust and gave the company an “outperform” rating in a research report on Thursday, March 28th. Desjardins boosted their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets boosted their price target on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Crombie Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of C$15.28.

Crombie Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$1.34 billion, a PE ratio of -37.73 and a beta of 0.92. The firm’s fifty day moving average is C$12.84 and its 200-day moving average is C$13.44. The company has a current ratio of 0.15, a quick ratio of 0.11 and a debt-to-equity ratio of 120.18.

Crombie Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were issued a $0.0742 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.89 annualized dividend and a yield of 7.15%. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -269.70%.

Insider Activity at Crombie Real Estate Investment Trust

In other Crombie Real Estate Investment Trust news, Director Mark Holly purchased 5,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were bought at an average cost of C$13.03 per share, for a total transaction of C$65,150.00. 1.16% of the stock is owned by insiders.

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.