Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two 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$15.53.
CRR.UN has been the subject of several recent research reports. Raymond James increased their price objective on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th. Canaccord Genuity Group upped their price target on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Finally, TD Securities upped their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 4th.
Read Our Latest Research Report on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Stock Down 0.4 %
Crombie Real Estate Investment Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a $0.0742 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.89 dividend on an annualized basis and a yield of 5.61%. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -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.
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