Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) 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.
Read Our Latest Stock Analysis on CRR.UN
Insider Buying and Selling at Crombie Real Estate Investment Trust
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.
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