Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN – Get 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 %
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
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.
Featured Articles
- Five stocks we like better than Crombie Real Estate Investment Trust
- What to Know About Investing in Penny Stocks
- Disney’s Magic Strategy: Reinventing the House of Mouse
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Volatility in Semis? 3 Stable Alternatives to NVIDIA and SMCI
- Investing in Travel Stocks Benefits
- Vertiv’s Cool Tech Makes Its Stock Red-Hot
Receive News & Ratings for Crombie Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crombie Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.