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

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

CRR.UN has been the subject of several recent analyst reports. Canaccord Genuity Group raised 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 report on Monday, September 16th. Raymond James raised their target price on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a report on Friday, September 6th. TD Securities upped their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. BMO Capital Markets increased 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. Finally, National Bankshares boosted their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th.

Crombie Real Estate Investment Trust Price Performance

Shares of TSE:CRR.UN opened at C$14.33 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$15.16 and a 200 day moving average price of C$14.00. Crombie Real Estate Investment Trust has a 52 week low of C$12.25 and a 52 week high of C$16.22. The company has a market cap of C$1.55 billion, a P/E ratio of -51.18 and a beta of 0.95.

Crombie Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a $0.0742 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.89 dividend on an annualized basis and a yield of 6.21%. Crombie Real Estate Investment Trust’s payout ratio is -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.