Crombie Real Estate Investment Trust (TSE:CRR.UN) Receives C$15.42 Consensus Price Target from Brokerages

Crombie Real Estate Investment Trust (TSE:CRR.UN) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$15.42.

A number of equities analysts have issued reports on CRR.UN shares. Raymond James set a C$16.00 price target on Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Thursday, March 28th. National Bankshares lowered their price target on Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. TD Securities lowered their price target on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research report on Wednesday, April 24th. BMO Capital Markets increased their price target on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Monday, February 26th. Finally, Scotiabank lowered their price target on Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd.

Crombie Real Estate Investment Trust Stock Up 1.6 %

Crombie Real Estate Investment Trust stock opened at C$12.97 on Monday. The firm has a market cap of C$1.39 billion, a price-to-earnings ratio of -39.30 and a beta of 0.91. Crombie Real Estate Investment Trust has a 52 week low of C$11.68 and a 52 week high of C$15.69. The business’s 50-day moving average price is C$13.46 and its 200 day moving average price is C$13.47. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 119.86.

Crombie Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a $0.0742 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.89 annualized dividend and a dividend yield of 6.87%. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -269.70%.

Insider Activity

In related news, Director Michael Harold Vels acquired 6,500 shares of Crombie Real Estate Investment Trust stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average price of C$13.85 per share, for a total transaction of C$90,025.00. Company insiders own 1.16% 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.