Crombie Real Estate Investment Trust (TSE:CRR.UN) Given Consensus Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) has been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$15.83.

A number of analysts have recently weighed in on CRR.UN shares. 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. TD Securities increased their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Canaccord Genuity Group boosted 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. Finally, National Bankshares upped their price target on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research report on Wednesday.

Read Our Latest Research Report on CRR.UN

Crombie Real Estate Investment Trust Price Performance

Shares of TSE:CRR.UN opened at C$15.20 on Thursday. The company has a market cap of C$1.64 billion, a PE ratio of -54.36 and a beta of 0.94. Crombie Real Estate Investment Trust has a fifty-two week low of C$11.81 and a fifty-two week high of C$16.22. The firm has a 50-day simple moving average of C$14.82 and a 200 day simple moving average of C$13.66. 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 business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a $0.0742 dividend. This represents a $0.89 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Friday, September 27th. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -317.86%.

About Crombie Real Estate Investment Trust

(Get Free Report

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.

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