Crombie Real Estate Investment Trust (TSE:CRR.UN) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$16.06.

A number of equities research analysts recently commented on the stock. National Bankshares upped their price target on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. Canaccord Genuity Group upped their price objective 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 research note on Monday, September 16th. Finally, BMO Capital Markets raised their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th.

Crombie Real Estate Investment Trust Trading Down 0.9 %

Shares of CRR.UN stock traded down C$0.12 on Friday, hitting C$13.17. 198,459 shares of the company's stock traded hands, compared to its average volume of 171,982. The stock has a market capitalization of C$1.42 billion, a price-to-earnings ratio of -47.04 and a beta of 0.95. The company's fifty day simple moving average is C$14.01 and its 200 day simple moving average is C$14.21. Crombie Real Estate Investment Trust has a one year low of C$12.25 and a one year high of C$16.22. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14.

Crombie Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a $0.0742 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.89 annualized dividend and a yield of 6.76%. Crombie Real Estate Investment Trust's dividend payout ratio (DPR) is presently -317.86%.

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.