Canaccord Genuity Group Raises Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target to C$15.00

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its target price hoisted by Canaccord Genuity Group from C$14.00 to C$15.00 in a report issued on Monday, BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the stock.

A number of other analysts have also recently weighed in on CRR.UN. Raymond James upped their price target on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research report on Friday, September 6th. TD Securities upped their target price 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 Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of C$15.53.

Crombie Real Estate Investment Trust Price Performance

CRR.UN opened at C$15.76 on Monday. The company has a 50 day moving average of C$14.24 and a two-hundred day moving average of C$13.50. Crombie Real Estate Investment Trust has a 52-week low of C$11.68 and a 52-week high of C$15.97. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87. The company has a market cap of C$1.70 billion, a P/E ratio of -56.29 and a beta of 0.94.

Crombie Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were given a dividend of $0.0742 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date was Wednesday, July 31st. Crombie Real Estate Investment Trust’s payout ratio is -317.86%.

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.