Raymond James reissued their market perform rating on shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) in a research report released on Monday morning, BayStreet.CA reports. The brokerage currently has a C$16.25 price objective on the stock.

Several other research analysts have also recently commented on the stock. CIBC upped their target price on shares of Crombie Real Estate Investment Trust from C$17.00 to C$17.50 in a research report on Friday, November 8th. Canaccord Genuity upped their target price on shares of Crombie Real Estate Investment Trust from C$15.75 to C$16.50 in a research report on Wednesday, September 4th. National Bank Financial upped their target price on shares of Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the stock an outperform rating in a research report on Friday, August 9th. Royal Bank of Canada upped their target price on shares of Crombie Real Estate Investment Trust from C$15.50 to C$16.00 and gave the stock a sector perform rating in a research report on Monday, August 12th. Finally, TD Securities upped their target price on shares of Crombie Real Estate Investment Trust from C$17.00 to C$17.50 and gave the stock a buy rating in a research report on Friday, October 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Crombie Real Estate Investment Trust currently has a consensus rating of Buy and a consensus price target of C$16.47.

TSE CRR.UN traded up C$0.16 on Monday, hitting C$15.85. The stock had a trading volume of 88,131 shares, compared to its average volume of 186,519. Crombie Real Estate Investment Trust has a one year low of C$12.31 and a one year high of C$16.33. The company has a quick ratio of 0.01, a current ratio of 0.44 and a debt-to-equity ratio of 158.47. The stock has a market cap of $1.42 billion and a price-to-earnings ratio of 20.14. The company’s 50-day moving average is C$15.94 and its two-hundred day moving average is C$15.49.

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be given a $0.0742 dividend. This represents a $0.89 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend is Wednesday, October 30th. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is 113.09%.

About Crombie Real Estate Investment Trust

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

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