Analysts Set Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target at C$16.06

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have received a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$16.06.

A number of analysts have commented on the company. Raymond James upped their price target on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research report on Friday, September 6th. BMO Capital Markets increased their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. National Bankshares upped their price target on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research report on Wednesday, October 9th. Canaccord Genuity Group raised their price objective on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Finally, TD Securities lifted their target price 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 research note on Wednesday, September 4th.

Crombie Real Estate Investment Trust Price Performance

TSE CRR.UN opened at C$13.80 on Tuesday. 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$1.49 billion, a price-to-earnings ratio of -49.29 and a beta of 0.95. The stock has a 50-day moving average of C$14.59 and a 200 day moving average of C$14.13. Crombie Real Estate Investment Trust has a one year low of C$12.25 and a one year high of C$16.22.

Crombie Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend was Thursday, October 31st. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -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.