Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have earned a consensus recommendation of “Hold” from the ten analysts that are covering the firm. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$15.82.

A number of research firms have issued reports on CRR.UN. Royal Bank Of Canada lifted their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Monday, August 8th. Scotiabank reaffirmed a “sector perform” rating and set a C$16.00 price objective on shares of Crombie Real Estate Investment Trust in a report on Friday, September 16th. Canaccord Genuity lifted their price objective on shares of Crombie Real Estate Investment Trust from C$14.25 to C$15.40 in a report on Wednesday, July 27th. BMO Capital Markets lifted their price objective on shares of Crombie Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. Finally, TD Securities lifted their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$15.50 and gave the stock a “hold” rating in a report on Friday, August 5th.

About Crombie Real Estate Investment Trust

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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