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

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$16.06.

Several equities research analysts recently weighed in on CRR.UN shares. Canaccord Genuity Group boosted their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. National Bankshares boosted their price objective on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research note on Wednesday, October 9th. Raymond James upgraded Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the company from C$17.25 to C$16.75 in a research note on Monday. Finally, BMO Capital Markets boosted their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th.

Crombie Real Estate Investment Trust Stock Performance

TSE CRR.UN opened at C$13.16 on Friday. The company has a market cap of C$1.42 billion, a P/E ratio of -47.00 and a beta of 0.95. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. The stock has a 50-day moving average of C$13.98 and a two-hundred day moving average of C$14.20. Crombie Real Estate Investment Trust has a 1-year low of C$12.25 and a 1-year high of C$16.22.

Crombie Real Estate Investment Trust Dividend Announcement

The firm 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. The ex-dividend date was Thursday, October 31st. This represents a $0.89 annualized dividend and a yield of 6.77%. Crombie Real Estate Investment Trust’s dividend payout ratio 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.