Crombie Real Estate Investment Trust (TSE:CRR.UN) Receives C$15.56 Consensus Target Price from Analysts

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$15.56.

CRR.UN has been the topic of a number of research reports. National Bankshares boosted their price objective on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Desjardins boosted their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. BMO Capital Markets boosted their price objective on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Monday, February 26th. TD Securities boosted their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$15.50 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Canaccord Genuity Group lifted their target price on Crombie Real Estate Investment Trust from C$13.50 to C$14.50 and gave the company a “hold” rating in a report on Wednesday, December 20th.

Crombie Real Estate Investment Trust Trading Up 0.2 %

Shares of Crombie Real Estate Investment Trust stock opened at C$12.84 on Thursday. Crombie Real Estate Investment Trust has a 52-week low of C$11.68 and a 52-week high of C$15.78. The stock’s 50-day simple moving average is C$13.73 and its 200 day simple moving average is C$13.42. The stock has a market capitalization of C$1.37 billion, a P/E ratio of -38.91 and a beta of 0.91. The company has a debt-to-equity ratio of 119.86, a quick ratio of 0.11 and a current ratio of 0.15.

Crombie Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.0742 per share. This represents a $0.89 annualized dividend and a dividend yield of 6.93%. The ex-dividend date of this dividend is Monday, April 29th. Crombie Real Estate Investment Trust’s payout ratio is -269.70%.

Insider Transactions at Crombie Real Estate Investment Trust

In other Crombie Real Estate Investment Trust news, Director Michael Harold Vels acquired 6,500 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was bought at an average price of C$13.85 per share, with a total value of C$90,025.00. 0.14% of the stock is owned by insiders.

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.