Brokerages Set Crombie Real Estate Investment Trust (TSE:CRR.UN) PT at C$16.31

Crombie Real Estate Investment Trust (TSE:CRR.UN) has earned an average rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$16.31.

Several research analysts recently issued reports on CRR.UN shares. CIBC upped their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$17.00 in a research report on Friday, August 9th. Raymond James reiterated a “market perform” rating and set a C$16.00 price target on shares of Crombie Real Estate Investment Trust in a research report on Friday, August 9th. Royal Bank of Canada upped their price target on shares of Crombie Real Estate Investment Trust from C$15.50 to C$16.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Canaccord Genuity upped their price target on shares of Crombie Real Estate Investment Trust from C$15.75 to C$16.50 in a research report on Wednesday, September 4th. Finally, National Bank Financial upped their price target on shares of Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th.

TSE CRR.UN traded down C$0.08 on Friday, hitting C$15.88. 522,735 shares of the company were exchanged, compared to its average volume of 186,519. The firm has a 50 day moving average of C$15.63 and a two-hundred day moving average of C$15.04. The company has a market cap of $1.42 billion and a P/E ratio of 20.18. The company has a current ratio of 0.44, a quick ratio of 0.01 and a debt-to-equity ratio of 158.43. Crombie Real Estate Investment Trust has a 1-year low of C$12.31 and a 1-year high of C$16.01.



The business also recently declared a monthly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were given a dividend of $0.0742 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.89 annualized dividend and a yield of 5.61%. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is 113.09%.

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.

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Analyst Recommendations for Crombie Real Estate Investment Trust (TSE:CRR.UN)

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