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

Crombie Real Estate Investment Trust (TSE:CRR.UN) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$16.06.

Several brokerages have recently commented on CRR.UN. BMO Capital Markets raised their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th. Raymond James raised Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and lowered their target price for the company from C$17.25 to C$16.75 in a research note on Monday, January 13th.

Crombie Real Estate Investment Trust Stock Up 0.1 %

Shares of TSE:CRR.UN opened at C$13.82 on Wednesday. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14. The company has a market cap of C$1.49 billion, a PE ratio of -49.36 and a beta of 0.95. Crombie Real Estate Investment Trust has a 52 week low of C$12.25 and a 52 week high of C$16.22. The firm has a 50 day simple moving average of C$13.56 and a 200 day simple moving average of C$14.31.

Crombie Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be given a dividend of $0.0742 per share. This represents a $0.89 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date of this dividend is Friday, January 31st. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -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.