Crombie Real Estate Investment Trust (TSE:CRR.UN) Receives C$15.53 Consensus Target Price from Brokerages

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$15.53.

CRR.UN has been the subject of several recent research reports. Canaccord Genuity Group boosted their price target on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a report on Monday, September 16th. Raymond James increased their target price on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a report on Friday, September 6th. Finally, TD Securities lifted their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 4th.

Crombie Real Estate Investment Trust Stock Performance

The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87. Crombie Real Estate Investment Trust has a twelve month low of C$11.81 and a twelve month high of C$16.22. The stock has a market capitalization of C$1.66 billion, a PE ratio of -54.86 and a beta of 0.94. The firm’s 50 day simple moving average is C$14.80 and its 200 day simple moving average is C$13.65.

Crombie Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0742 per share. This represents a $0.89 annualized dividend and a dividend yield of ∞. The ex-dividend date is Friday, September 27th. Crombie Real Estate Investment Trust’s payout ratio is currently -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.