Crombie Real Estate Investment Trust (TSE:CRR.UN) Given Consensus Rating of “Buy” by Analysts

Crombie Real Estate Investment Trust (TSE:CRR.UN) has been assigned an average recommendation of “Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$16.06.

CRR.UN has been the topic of several research analyst reports. National Bankshares boosted their target price on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research note on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th. Finally, Raymond James upgraded shares of Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the stock from C$17.25 to C$16.75 in a report on Monday, January 13th.

Crombie Real Estate Investment Trust Stock Up 0.2 %

Shares of TSE:CRR.UN opened at C$13.44 on Wednesday. The stock’s 50-day moving average is C$13.61 and its 200 day moving average is C$14.28. The company has a market cap of C$1.45 billion, a PE ratio of -48.00 and a beta of 0.95. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. Crombie Real Estate Investment Trust has a 1 year low of C$12.25 and a 1 year high of C$16.22.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be issued a $0.0742 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.89 dividend on an annualized basis and a yield of 6.63%. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is -317.86%.

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.