TD Securities Raises Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target to C$16.00

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price target raised by TD Securities from C$15.00 to C$16.00 in a research note released on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. Raymond James upped their target price on Crombie Real Estate Investment Trust from C$16.00 to C$16.25 in a report on Wednesday, August 14th. CIBC reduced their price target on Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a report on Friday, May 10th. Finally, Scotiabank dropped their price objective on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an outperform rating for the company in a report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Crombie Real Estate Investment Trust has a consensus rating of Moderate Buy and a consensus target price of C$15.47.

Crombie Real Estate Investment Trust Stock Performance

Shares of Crombie Real Estate Investment Trust stock opened at C$15.15 on Wednesday. The company’s 50 day moving average price is C$13.79 and its two-hundred day moving average price is C$13.41. The firm has a market capitalization of C$1.64 billion, a P/E ratio of -54.11 and a beta of 0.94. Crombie Real Estate Investment Trust has a fifty-two week low of C$11.68 and a fifty-two week high of C$15.24. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.0742 per share. The ex-dividend date was Wednesday, July 31st. This represents a $0.89 annualized dividend and a dividend yield of 5.88%. Crombie Real Estate Investment Trust’s dividend payout ratio is -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.