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

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

CRR.UN has been the subject of a number of research reports. Canaccord Genuity Group upped their price target 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 report on Monday, September 16th. National Bankshares upped their target price on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research report on Wednesday, October 9th. Finally, BMO Capital Markets increased their target price on 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 Price Performance

Crombie Real Estate Investment Trust stock opened at C$13.17 on Friday. The firm has a fifty day moving average of C$14.01 and a 200-day moving average of C$14.20. Crombie Real Estate Investment Trust has a 52-week low of C$12.25 and a 52-week high of C$16.22. 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 capitalization of C$1.42 billion, a P/E ratio of -47.04 and a beta of 0.95.

Crombie Real Estate Investment Trust Announces Dividend

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. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend was Thursday, October 31st. Crombie Real Estate Investment Trust’s payout ratio is -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.