Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$15.50.
A number of research firms recently commented on CRR.UN. Royal Bank of Canada lowered their price target on Crombie Real Estate Investment Trust from C$17.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Monday, November 20th. BMO Capital Markets raised their target price on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Monday, February 26th. National Bankshares lifted their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Canaccord Genuity Group lifted their target price on Crombie Real Estate Investment Trust from C$13.50 to C$14.50 and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Finally, Desjardins lifted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd.
View Our Latest Research Report on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Trading Down 0.3 %
TSE CRR.UN opened at C$13.87 on Friday. The firm has a market capitalization of C$1.48 billion, a P/E ratio of -42.03 and a beta of 0.91. The business has a fifty day simple moving average of C$13.82 and a 200 day simple moving average of C$13.37. Crombie Real Estate Investment Trust has a 12 month low of C$11.68 and a 12 month high of C$15.78. The company has a current ratio of 0.15, a quick ratio of 0.11 and a debt-to-equity ratio of 119.86.
Crombie Real Estate Investment Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were paid a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date was Wednesday, February 28th. Crombie Real Estate Investment Trust’s dividend payout ratio is currently -269.70%.
Insider Activity at Crombie Real Estate Investment Trust
In other news, Director Michael Harold Vels acquired 6,500 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of C$13.85 per share, for a total transaction of C$90,025.00. 0.14% of the stock is currently owned by company insiders.
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.
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