Insider Buying: Crombie Real Estate Investment Trust (TSE:CRR.UN) Director Acquires 5,000 Shares of Stock

Crombie Real Estate Investment Trust (TSE:CRR.UNGet Free Report) Director Mark Holly bought 5,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were acquired at an average price of C$13.03 per share, for a total transaction of C$65,150.00.

Crombie Real Estate Investment Trust Stock Performance

CRR.UN stock opened at C$12.99 on Friday. The company has a 50 day moving average price of C$13.31 and a 200 day moving average price of C$13.50. Crombie Real Estate Investment Trust has a fifty-two week low of C$11.68 and a fifty-two week high of C$15.31. The company has a debt-to-equity ratio of 120.18, a current ratio of 0.15 and a quick ratio of 0.11. The stock has a market capitalization of C$1.40 billion, a PE ratio of -39.36 and a beta of 0.92.

Crombie Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.0742 per share. The ex-dividend date was Monday, April 29th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.85%. Crombie Real Estate Investment Trust’s payout ratio is currently -269.70%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. National Bankshares cut their target price on Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Scotiabank cut their price objective on Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an “outperform” rating for the company in a report on Monday, May 13th. BMO Capital Markets boosted their target price on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Monday, February 26th. Desjardins increased their target price on shares of 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 Friday, February 23rd. Finally, 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 report on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Crombie Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average target price of C$15.28.

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Crombie Real Estate Investment Trust Company Profile

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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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