Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$17.77 and last traded at C$17.69, with a volume of 106259 shares. The stock had previously closed at C$17.38.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. TD upped their price objective on Crombie Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company a “buy” rating in a report on Monday, May 11th. Royal Bank Of Canada raised their target price on Crombie Real Estate Investment Trust from C$16.50 to C$18.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Crombie Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average price target of C$17.62.
Check Out Our Latest Research Report on CRR.UN
Crombie Real Estate Investment Trust Trading Up 1.7%
Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.65 EPS for the quarter. The business had revenue of C$130.30 million during the quarter. Crombie Real Estate Investment Trust had a net margin of 24.18% and a return on equity of 6.00%. As a group, analysts forecast that Crombie Real Estate Investment Trust will post 0.6535637 EPS for the current fiscal year.
Crombie Real Estate Investment Trust Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a $0.0758 dividend. This represents a c) annualized dividend and a dividend yield of 5.1%. This is an increase from Crombie Real Estate Investment Trust’s previous monthly dividend of $0.07. The ex-dividend date is Tuesday, June 30th. Crombie Real Estate Investment Trust’s dividend payout ratio is currently -345.76%.
About Crombie Real Estate Investment Trust
Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country’s leading owners, operators, and developers of quality real estate assets, Crombie’s portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at September 30, 2025, our portfolio contained 306 properties comprising approximately 18.8 million square feet, inclusive of joint ventures at Crombie’s share, and a significant pipeline of future development projects.
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