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

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UNGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$16.06.

CRR.UN has been the subject of several analyst reports. Canaccord Genuity Group upped their target price 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. TD Securities raised their target price 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 report on Wednesday, September 4th. 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 report on Wednesday, October 9th. BMO Capital Markets raised their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. Finally, Raymond James boosted their target price on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th.

Check Out Our Latest Stock Report on CRR.UN

Crombie Real Estate Investment Trust Stock Down 0.7 %

Shares of CRR.UN stock opened at C$14.21 on Friday. Crombie Real Estate Investment Trust has a 1 year low of C$12.25 and a 1 year high of C$16.22. 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 business’s fifty day moving average is C$15.21 and its 200-day moving average is C$13.97. The stock has a market cap of C$1.53 billion, a PE ratio of -50.75 and a beta of 0.95.

Crombie Real Estate Investment Trust Announces Dividend

The company also recently declared 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 was Thursday, October 31st. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is -317.86%.

About Crombie Real Estate Investment Trust

(Get Free Report

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.

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Analyst Recommendations for Crombie Real Estate Investment Trust (TSE:CRR.UN)

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