Crombie Real Estate Investment Trust (TSE:CRR.UN) Receives C$15.28 Average PT from Analysts

Crombie Real Estate Investment Trust (TSE:CRR.UN) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$15.28.

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

Crombie Real Estate Investment Trust Stock Performance

Shares of CRR.UN opened at C$12.75 on Tuesday. The business’s fifty day simple moving average is C$12.74 and its two-hundred day simple moving average is C$13.37. The company has a current ratio of 0.15, a quick ratio of 0.11 and a debt-to-equity ratio of 120.18. 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 market cap of C$1.37 billion, a price-to-earnings ratio of -38.64 and a beta of 0.92.

Crombie Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were issued a $0.0742 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.89 dividend on an annualized basis and a yield of 6.98%. Crombie Real Estate Investment Trust’s dividend payout ratio is currently -269.70%.

Insider Buying and Selling

In related news, Director Mark Holly bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were bought at an average cost of C$13.03 per share, with a total value of C$65,150.00. 1.16% of the stock is owned by insiders.

Crombie Real Estate Investment Trust Company Profile

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.