Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$16.06.
Several research firms have weighed in on CRR.UN. National Bankshares increased their price objective on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. TD Securities raised their price target on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Canaccord Genuity Group lifted their price target on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a "hold" rating in a report on Monday, September 16th. BMO Capital Markets upped 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. Finally, Raymond James lifted their target price on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th.
Check Out Our Latest Stock Analysis on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Trading Down 0.6 %
TSE CRR.UN traded down C$0.08 during trading on Tuesday, hitting C$13.88. 183,282 shares of the company's stock traded hands, compared to its average volume of 177,258. The stock has a fifty day moving average of C$14.72 and a two-hundred day moving average of C$14.11. Crombie Real Estate Investment Trust has a 12-month low of C$12.25 and a 12-month high of C$16.22. The firm has a market cap of C$1.50 billion, a P/E ratio of -49.86 and a beta of 0.95. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11.
Crombie Real Estate Investment Trust Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were issued a $0.0742 dividend. This represents a $0.89 annualized dividend and a yield of 6.41%. The ex-dividend date was Thursday, October 31st. Crombie Real Estate Investment Trust's dividend payout ratio is currently -317.86%.
About Crombie Real Estate Investment Trust
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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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