Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price target lowered by analysts at Royal Bank Of Canada from C$16.00 to C$15.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “sector perform” rating on the stock.

CRR.UN has been the topic of several other reports. Scotiabank reaffirmed a “sector perform” rating and set a C$16.00 price objective on shares of Crombie Real Estate Investment Trust in a research report on Friday, September 16th. TD Securities lifted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$15.50 and gave the company a “hold” rating in a research note on Friday, August 5th. RBC Capital Markets lifted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Friday, August 5th. BMO Capital Markets lifted their target price on Crombie Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research note on Tuesday, August 9th. Finally, Canaccord Genuity lifted their target price on Crombie Real Estate Investment Trust from C$14.25 to C$15.40 in a research note on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$15.87.

Analyst Recommendations for Crombie Real Estate Investment Trust (TSE:CRR.UN)

Crombie Real Estate Investment Trust Company Profile

Crombie Real Estate Investment Trust (Crombie) is a Canada-based unincorporated open-ended real estate investment trust (REIT). Crombie invests in income-producing retail, office and mixed use properties in Canada. Crombie focuses on grocery-anchored and drug store-anchored retail properties. Crombie owns a portfolio of over 260 commercial properties in over 10 provinces, including approximately 17.7 million square feet of gross leasable area (GLA).

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