Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) has earned a consensus rating of "Buy" from the six ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$16.06.
A number of equities research analysts have recently commented on CRR.UN shares. Raymond James raised shares of Crombie Real Estate Investment Trust from an "outperform" rating to a "strong-buy" rating and dropped their price objective for the stock from C$17.25 to C$16.75 in a research note on Monday, January 13th. BMO Capital Markets lifted their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th.
Read Our Latest Stock Report on CRR.UN
Crombie Real Estate Investment Trust Stock Performance
Shares of TSE:CRR.UN traded down C$0.03 during trading on Wednesday, hitting C$13.85. The stock had a trading volume of 134,467 shares, compared to its average volume of 201,273. The stock has a 50-day simple moving average of C$13.57 and a two-hundred day simple moving average of C$14.30. The stock has a market capitalization of C$1.49 billion, a price-to-earnings ratio of -49.46 and a beta of 0.95. Crombie Real Estate Investment Trust has a 12-month low of C$12.25 and a 12-month high of C$16.22. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87.
Crombie Real Estate Investment Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be given a $0.0742 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.89 dividend on an annualized basis and a yield of 6.43%. Crombie Real Estate Investment Trust's dividend payout ratio is currently -317.86%.
Crombie Real Estate Investment Trust Company Profile
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Get Free ReportCrombie 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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