Crombie Real Estate Investment Trust (TSE:CRR.UN) Receives C$16.06 Consensus Price Target from Analysts

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$16.06.

Several equities analysts recently commented on the company. TD Securities raised their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. BMO Capital Markets lifted 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 upped their target price on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. Raymond James increased their target price on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research report on Friday, September 6th. Finally, Canaccord Genuity Group boosted their price target 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 report on Monday, September 16th.

Crombie Real Estate Investment Trust Stock Down 0.7 %

Shares of CRR.UN opened at C$14.21 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87. The company has a 50-day moving average price of C$15.21 and a two-hundred day moving average price of C$13.97. The stock has a market cap of C$1.53 billion, a price-to-earnings ratio of -50.75 and a beta of 0.95. Crombie Real Estate Investment Trust has a 12 month low of C$12.25 and a 12 month 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. Shareholders of record on Friday, November 15th were issued a dividend of $0.0742 per share. This represents a $0.89 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend was Thursday, October 31st. Crombie Real Estate Investment Trust’s dividend 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.