National Bankshares Cuts Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target to C$14.25

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its target price reduced by National Bankshares from C$15.00 to C$14.25 in a report published on Wednesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on CRR.UN. Scotiabank lowered their target price on Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an outperform rating for the company in a report on Friday, February 23rd. Desjardins boosted 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 report on Friday, February 23rd. Raymond James set a C$16.00 price target on Crombie Real Estate Investment Trust and gave the company an outperform rating in a research report on Thursday, March 28th. TD Securities decreased their price objective on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research note on Wednesday. Finally, BMO Capital Markets upped their target price on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of C$15.42.

Crombie Real Estate Investment Trust Price Performance

Shares of CRR.UN opened at C$12.92 on Wednesday. Crombie Real Estate Investment Trust has a 1 year low of C$11.68 and a 1 year high of C$15.69. The company has a debt-to-equity ratio of 119.86, a current ratio of 0.15 and a quick ratio of 0.11. The company has a market capitalization of C$1.38 billion, a price-to-earnings ratio of -39.15 and a beta of 0.91. The business has a 50-day moving average of C$13.63 and a 200-day moving average of C$13.44.

Crombie Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a $0.0742 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.89 annualized dividend and a dividend yield of 6.89%. Crombie Real Estate Investment Trust’s dividend payout ratio is currently -269.70%.

Insider Transactions at Crombie Real Estate Investment Trust

In other Crombie Real Estate Investment Trust news, Director Michael Harold Vels bought 6,500 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average cost of C$13.85 per share, with a total value of C$90,025.00. Company insiders own 0.14% of the company’s stock.

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.