Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) 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.
Check Out Our Latest Stock Report on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Stock Performance
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.
Further Reading
- Five stocks we like better than Crombie Real Estate Investment Trust
- Trading Halts Explained
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- How to Calculate Inflation Rate
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- Election Stocks: How Elections Affect the Stock Market
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for Crombie Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crombie Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.