Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$17.92 and last traded at C$17.81, with a volume of 136633 shares. The stock had previously closed at C$17.69.
Wall Street Analyst Weigh In
CRR.UN has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on Crombie Real Estate Investment Trust from C$16.50 to C$18.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. TD upped their price target on Crombie Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.62.
Check Out Our Latest Stock Analysis on CRR.UN
Crombie Real Estate Investment Trust Trading Down 1.2%
Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported C$0.65 earnings per share for the quarter. Crombie Real Estate Investment Trust had a net margin of 24.18% and a return on equity of 6.00%. The company had revenue of C$130.30 million for the quarter. Equities research analysts expect that Crombie Real Estate Investment Trust will post 0.6535637 EPS for the current year.
Crombie Real Estate Investment Trust Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a $0.0758 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. This is a positive change from Crombie Real Estate Investment Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend 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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