Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target Raised to C$15.00 at Canaccord Genuity Group

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price objective increased by Canaccord Genuity Group from C$14.00 to C$15.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other research analysts have also commented on CRR.UN. Raymond James lifted their target price on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research report on Friday, September 6th. TD Securities raised their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a buy rating in a research note on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$15.53.

Crombie Real Estate Investment Trust Stock Up 1.3 %

TSE:CRR.UN opened at C$15.76 on Monday. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14. The company has a market capitalization of C$1.70 billion, a price-to-earnings ratio of -56.29 and a beta of 0.94. Crombie Real Estate Investment Trust has a one year low of C$11.68 and a one year high of C$15.97. The stock has a 50-day simple moving average of C$14.24 and a 200 day simple moving average of C$13.50.

Crombie Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were issued a $0.0742 dividend. This represents a $0.89 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend was Wednesday, July 31st. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is -317.86%.

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.