Analysts Set Crombie Real Estate Investment Trust (TSE:CRR.UN) PT at C$15.28

Crombie Real Estate Investment Trust (TSE:CRR.UN) has earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$15.28.

CRR.UN has been the topic of a number of recent analyst reports. Raymond James set a C$16.00 price target on Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Thursday, March 28th. TD Securities dropped their price target on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a report on Wednesday, April 24th. National Bankshares dropped their price target on Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Scotiabank dropped their price target on Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an “outperform” rating on the stock in a report on Monday, May 13th. Finally, CIBC dropped their price target on Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a report on Friday, May 10th.

Insider Buying and Selling at Crombie Real Estate Investment Trust

In related news, Director Mark Holly acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were bought at an average cost of C$13.03 per share, for a total transaction of C$65,150.00. Corporate insiders own 1.16% of the company’s stock.

Crombie Real Estate Investment Trust Stock Up 1.0 %

Shares of TSE:CRR.UN opened at C$12.75 on Tuesday. The stock has a market cap of C$1.37 billion, a price-to-earnings ratio of -38.64 and a beta of 0.92. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 120.18. Crombie Real Estate Investment Trust has a 12-month low of C$11.68 and a 12-month high of C$14.50. The business’s 50 day moving average is C$12.74 and its 200 day moving average is C$13.37.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were paid a $0.0742 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.89 annualized dividend and a dividend yield of 6.98%. Crombie Real Estate Investment Trust’s payout ratio is presently -269.70%.

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.