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

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

Several equities analysts have recently commented on CRR.UN shares. 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. Raymond James increased their price objective on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th. BMO Capital Markets raised their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. TD Securities upped their target price 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. Finally, Canaccord Genuity Group lifted their price target on 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.

Crombie Real Estate Investment Trust Trading Up 0.5 %

Shares of CRR.UN opened at C$13.96 on Tuesday. Crombie Real Estate Investment Trust has a one year low of C$12.25 and a one year high of C$16.22. The stock has a 50-day moving average price of C$14.76 and a 200 day moving average price of C$14.11. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14. The company has a market capitalization of C$1.51 billion, a P/E ratio of -49.86 and a beta of 0.95.

Crombie Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a $0.0742 dividend. This represents a $0.89 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend was Thursday, October 31st. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -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.