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 objective lifted by TD Securities from C$15.00 to C$16.00 in a research report released on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on CRR.UN. Scotiabank lowered their price target on 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. CIBC reduced their price objective on Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a research note on Friday, May 10th. Finally, Raymond James boosted their price objective on Crombie Real Estate Investment Trust from C$16.00 to C$16.25 in a research note on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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 business has a 50-day simple moving average of C$13.79 and a 200-day simple moving average of C$13.40. 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 cap of C$1.64 billion, a PE ratio of -54.11 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$15.24.

Crombie Real Estate Investment Trust Announces Dividend

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