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

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

A number of equities analysts have commented on CRR.UN shares. Raymond James upgraded shares of Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from C$17.25 to C$16.75 in a research report on Monday, January 13th. BMO Capital Markets increased their price target on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th.

Crombie Real Estate Investment Trust Stock Up 0.1 %

Shares of TSE CRR.UN opened at C$13.82 on Wednesday. The stock has a market cap of C$1.49 billion, a PE ratio of -49.36 and a beta of 0.95. The business has a fifty day moving average of C$13.56 and a two-hundred day moving average of C$14.31. Crombie Real Estate Investment Trust has a 52-week low of C$12.25 and a 52-week 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.

Crombie Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.0742 per share. This represents a $0.89 annualized dividend 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 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.