Crombie Real Estate Investment Trust (TSE:CRR.UN) Rating Increased to Strong-Buy at Raymond James

Raymond James upgraded shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) from an outperform rating to a strong-buy rating in a report issued on Monday,BayStreet.CA reports. The firm currently has C$16.75 price target on the stock, down from their prior price target of C$17.25.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets boosted their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. National Bankshares boosted their target price on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research note on Wednesday, October 9th. Finally, Canaccord Genuity Group raised 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. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$16.06.

Crombie Real Estate Investment Trust Stock Down 0.1 %

Shares of TSE CRR.UN opened at C$13.16 on Monday. The company has a market cap of C$1.42 billion, a P/E ratio of -47.00 and a beta of 0.95. The firm has a 50-day simple moving average of C$13.98 and a two-hundred day simple moving average of 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. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11.

Crombie Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date was Thursday, October 31st. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -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.