Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine analysts that are currently covering the stock, 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 1 year target price among analysts that have covered the stock in the last year is C$15.94.
A number of equities research analysts have recently commented on CRR.UN shares. TD Securities raised their price objective on shares of 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. BMO Capital Markets increased their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday. Canaccord Genuity Group lifted their price target on 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. Raymond James increased their price target on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research report on Friday, September 6th. Finally, National Bankshares raised their price objective on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th.
View Our Latest Report on CRR.UN
Crombie Real Estate Investment Trust Stock Performance
Shares of Crombie Real Estate Investment Trust stock traded up C$0.09 on Monday, reaching C$15.30. 124,479 shares of the stock were exchanged, compared to its average volume of 173,175. The business has a 50 day moving average price of C$15.16 and a two-hundred day moving average price of C$13.77. The firm has a market capitalization of C$1.65 billion, a price-to-earnings ratio of -54.64 and a beta of 0.95. Crombie Real Estate Investment Trust has a twelve month low of C$11.91 and a twelve 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 Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be issued a $0.0742 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.89 annualized dividend and a dividend yield of 5.82%. Crombie Real Estate Investment Trust's dividend payout ratio is presently -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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