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 recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$16.06.

A number of equities analysts have recently issued reports on the stock. 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. National Bankshares raised 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. BMO Capital Markets upped their price target on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th. Canaccord Genuity Group lifted their price objective on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a report on Monday, September 16th. 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 stock a “buy” rating in a report on Wednesday, September 4th.

Crombie Real Estate Investment Trust Stock Performance

CRR.UN opened at C$14.31 on Friday. Crombie Real Estate Investment Trust has a 12-month low of C$12.25 and a 12-month 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$1.54 billion, a P/E ratio of -51.11 and a beta of 0.95. The stock’s 50 day moving average price is C$15.25 and its two-hundred day moving average price is C$13.96.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend was Thursday, October 31st. Crombie Real Estate Investment Trust’s dividend payout ratio is currently -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.