Crombie Real Estate Investment Trust (TSE:CRR.UN) Receives C$15.28 Consensus Price Target from Brokerages

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$15.28.

Several analysts recently commented on CRR.UN shares. TD Securities dropped their price target on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research report on Wednesday, April 24th. CIBC reduced their target price on shares of Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a research report on Friday, May 10th. Raymond James set a C$16.00 price target on shares of Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Thursday, March 28th. National Bankshares cut their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Finally, Scotiabank lowered their target price on Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an “outperform” rating on the stock in a report on Monday, May 13th.

Crombie Real Estate Investment Trust Price Performance

Shares of Crombie Real Estate Investment Trust stock opened at C$13.85 on Friday. The stock has a market capitalization of C$1.49 billion, a P/E ratio of -41.97 and a beta of 0.92. The business has a 50 day simple moving average of C$12.84 and a two-hundred day simple moving average of C$13.31. Crombie Real Estate Investment Trust has a 12 month low of C$11.68 and a 12 month high of C$14.50. The company has a debt-to-equity ratio of 120.18, a current ratio of 0.15 and a quick ratio of 0.11.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.0742 per share. This represents a $0.89 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend is Wednesday, July 31st. Crombie Real Estate Investment Trust’s payout ratio is presently -269.70%.

Insider Buying and Selling

In other Crombie Real Estate Investment Trust news, Director Mark Holly bought 5,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was bought at an average price of C$13.03 per share, with a total value of C$65,150.00. 1.16% of the stock is currently owned by company insiders.

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.