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

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$15.53.

Several brokerages have commented on CRR.UN. Canaccord Genuity Group boosted 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 note on Monday, September 16th. Raymond James upped their price target on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th. Finally, 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 report on Wednesday, September 4th.

Crombie Real Estate Investment Trust Trading Down 0.4 %

TSE:CRR.UN opened at C$15.86 on Thursday. The firm has a market capitalization of C$1.71 billion, a price-to-earnings ratio of -56.64 and a beta of 0.94. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. The business has a fifty day moving average price of C$14.71 and a 200-day moving average price of C$13.62. Crombie Real Estate Investment Trust has a one year low of C$11.68 and a one year high of C$16.22.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a $0.0742 dividend. This represents a $0.89 annualized dividend and a dividend yield of 5.61%. The ex-dividend date is Friday, September 27th. 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.