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

Crombie Real Estate Investment Trust (TSE:CRR.UN) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$16.06.

Several research analysts have issued reports on the company. National Bankshares increased their price objective 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 shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. Finally, Canaccord Genuity Group raised their price objective on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a research note on Monday, September 16th.

Crombie Real Estate Investment Trust Stock Performance

TSE:CRR.UN opened at C$13.17 on Friday. 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 firm has a market cap of C$1.42 billion, a price-to-earnings ratio of -47.04 and a beta of 0.95. The firm’s fifty day moving average price is C$14.01 and its 200 day moving average price is C$14.20. Crombie Real Estate Investment Trust has a 1-year low of C$12.25 and a 1-year high of C$16.22.

Crombie Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a dividend of $0.0742 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.89 annualized dividend and a dividend yield of 6.76%. Crombie Real Estate Investment Trust’s 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.