Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$17.92 and last traded at C$17.81, with a volume of 136633 shares trading hands. The stock had previously closed at C$17.69.
Wall Street Analyst Weigh In
Several research firms have weighed in on CRR.UN. 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 stock a “sector perform” rating in a report on Wednesday, May 13th. TD raised 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.
Read Our Latest Report on CRR.UN
Crombie Real Estate Investment Trust Trading Up 0.7%
Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) last posted its quarterly earnings data 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. As a group, equities analysts expect that Crombie Real Estate Investment Trust will post 0.6535637 earnings per share for the current fiscal year.
Crombie Real Estate Investment Trust Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.0758 per share. 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. This represents a c) annualized dividend and a dividend yield of 5.1%. Crombie Real Estate Investment Trust’s dividend payout ratio is -345.76%.
Crombie Real Estate Investment Trust Company Profile
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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