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

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$16.06.

Several equities research analysts have recently commented on CRR.UN shares. BMO Capital Markets boosted their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. National Bankshares upped their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. Raymond James lifted their price objective on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a report on Friday, September 6th. TD Securities upped 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. Finally, Canaccord Genuity Group lifted their price target on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a research note on Monday, September 16th.

Crombie Real Estate Investment Trust Stock Performance

Shares of Crombie Real Estate Investment Trust stock opened at C$14.32 on Friday. The business has a 50-day simple moving average of C$15.10 and a 200 day simple moving average of C$14.02. The firm has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -51.14 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. Crombie Real Estate Investment Trust has a one year low of C$12.25 and a one year high of C$16.22.

Crombie Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a $0.0742 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.22%. Crombie Real Estate Investment Trust’s 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.