Crombie Real Estate Investment Trust (TSE:CRR.UN) Given Average Rating of “Buy” by Analysts

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have been given an average recommendation of “Buy” by the six research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$16.06.

Several research firms have commented on CRR.UN. Raymond James raised shares of Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the company from C$17.25 to C$16.75 in a report on Monday, January 13th. 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, National Bankshares lifted their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research note on Wednesday, October 9th.

Crombie Real Estate Investment Trust Stock Performance

Shares of CRR.UN stock opened at C$13.44 on Wednesday. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14. The firm has a market cap of C$1.45 billion, a price-to-earnings ratio of -48.00 and a beta of 0.95. Crombie Real Estate Investment Trust has a 52 week low of C$12.25 and a 52 week high of C$16.22. The firm’s 50-day simple moving average is C$13.61 and its two-hundred day simple moving average is C$14.28.

Crombie Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.0742 per share. This represents a $0.89 annualized dividend and a dividend yield of 6.63%. The ex-dividend date of this dividend is Friday, January 31st. Crombie Real Estate Investment Trust’s dividend payout ratio is currently -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.