Crombie Real Estate Investment Trust (TSE:CRR.UN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$16.06.

Several research firms recently issued reports on CRR.UN. National Bankshares increased 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. TD Securities raised their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Canaccord Genuity Group upped their target price on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Raymond James increased their target price on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a report on Friday, September 6th. Finally, BMO Capital Markets boosted their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th.

Crombie Real Estate Investment Trust Stock Performance

Shares of Crombie Real Estate Investment Trust stock opened at C$14.33 on Friday. The business’s fifty day simple moving average is C$15.16 and its 200-day simple moving average is C$14.00. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87. The firm has a market cap of C$1.55 billion, a PE ratio of -51.18 and a beta of 0.95. Crombie Real Estate Investment Trust has a 52 week low of C$12.25 and a 52 week high of C$16.22.

Crombie Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a dividend of $0.0742 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.21%. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -317.86%.

Crombie Real Estate Investment Trust Company Profile

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.