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

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have earned an average rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$16.06.

Several research firms have recently weighed in on CRR.UN. BMO Capital Markets boosted their price target on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. National Bankshares boosted their target price on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. Finally, Raymond James raised shares of Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and dropped their price target for the company from C$17.25 to C$16.75 in a research note on Monday.

Crombie Real Estate Investment Trust Trading Up 1.3 %

Shares of CRR.UN stock opened at C$13.31 on Friday. Crombie Real Estate Investment Trust has a twelve month low of C$12.25 and a twelve month high of C$16.22. The stock’s fifty day simple moving average is C$13.91 and its 200 day simple moving average is C$14.21. 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 firm has a market capitalization of C$1.44 billion, a P/E ratio of -47.54 and a beta of 0.95.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given 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 dividend yield of 6.69%. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -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.