Crombie Real Estate Investment Trust (TSE:CRR.UN – Free Report) had its target price trimmed by TD Securities from C$16.00 to C$15.00 in a research report released on Wednesday morning, BayStreet.CA reports.
Other equities analysts have also issued reports about the stock. BMO Capital Markets increased their price objective on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a report on Monday, February 26th. Scotiabank cut their target price on shares of Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an outperform rating on the stock in a report on Friday, February 23rd. Raymond James set a C$16.00 target price on shares of Crombie Real Estate Investment Trust and gave the stock an outperform rating in a report on Thursday, March 28th. Desjardins increased their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a buy rating in a report on Friday, February 23rd. Finally, National Bankshares increased their target price on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock an outperform rating in a report on Monday, January 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Crombie Real Estate Investment Trust has an average rating of Moderate Buy and a consensus price target of C$15.42.
Get Our Latest Stock Analysis on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Price Performance
Crombie Real Estate Investment Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be given a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date of this dividend is Monday, April 29th. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -269.70%.
Insider Activity at Crombie Real Estate Investment Trust
In other Crombie Real Estate Investment Trust news, Director Michael Harold Vels bought 6,500 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average price of C$13.85 per share, with a total value of C$90,025.00. 0.14% of the stock is owned by insiders.
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.
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