Analysts Set Crombie Real Estate Investment Trust (TSE:CRR.UN) PT at C$16.06

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$16.06.

Several equities analysts have recently issued reports on the stock. 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 company a “hold” rating in a research note on Monday, September 16th. Raymond James upped their target price on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a report on Friday, September 6th. BMO Capital Markets raised their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. TD Securities upped their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, National Bankshares lifted 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.

Crombie Real Estate Investment Trust Price Performance

Shares of CRR.UN stock opened at C$13.18 on Tuesday. The company has a market cap of C$1.42 billion, a P/E ratio of -47.07 and a beta of 0.95. 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 business has a fifty day simple moving average of C$14.61 and a 200 day simple moving average of C$14.12. Crombie Real Estate Investment Trust has a twelve month low of C$12.25 and a twelve month high of C$16.22.

Crombie Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a $0.0742 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.89 dividend on an annualized basis and a yield of 6.76%. 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.