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 given an average rating of “Moderate Buy” by the nine brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$15.28.

Several research analysts have recently commented on CRR.UN shares. Scotiabank lowered their price target on Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an “outperform” rating for the company in a research report on Monday, May 13th. TD Securities lowered their target price on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a report on Wednesday, April 24th. Raymond James set a C$16.00 price target on shares of Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Thursday, March 28th. CIBC lowered their price objective on shares of Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a research note on Friday, May 10th. Finally, National Bankshares cut their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th.

Insider Activity at Crombie Real Estate Investment Trust

In other news, Director Mark Holly acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was acquired at an average cost of C$13.03 per share, with a total value of C$65,150.00. 1.16% of the stock is owned by corporate insiders.

Crombie Real Estate Investment Trust Stock Up 3.0 %

Crombie Real Estate Investment Trust stock opened at C$12.67 on Tuesday. The company has a market capitalization of C$1.36 billion, a PE ratio of -38.39 and a beta of 0.92. The company has a debt-to-equity ratio of 120.18, a quick ratio of 0.11 and a current ratio of 0.15. Crombie Real Estate Investment Trust has a fifty-two week low of C$11.68 and a fifty-two week high of C$14.50. The firm has a 50 day moving average price of C$12.77 and a 200 day moving average price of C$13.41.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were paid a dividend of $0.0742 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.89 dividend on an annualized basis and a dividend yield of 7.03%. Crombie Real Estate Investment Trust’s payout ratio is -269.70%.

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.