Crombie Real Estate Investment Trust (TSE:CRR.UN) Receives Average Rating of “Moderate Buy” from Analysts

Crombie Real Estate Investment Trust (TSE:CRR.UN) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$15.28.

Several brokerages recently issued reports on CRR.UN. Scotiabank cut their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an “outperform” rating for the company in a report on Monday, May 13th. CIBC cut their price target on shares of Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a report on Friday, May 10th. TD Securities cut their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a report on Wednesday, April 24th. Finally, National Bankshares lowered their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating for the company in a research report on Wednesday, April 24th.

Crombie Real Estate Investment Trust Trading Up 0.4 %

Shares of CRR.UN stock opened at C$13.86 on Friday. Crombie Real Estate Investment Trust has a 12-month low of C$11.68 and a 12-month high of C$14.50. The company has a market capitalization of C$1.49 billion, a P/E ratio of -42.00 and a beta of 0.92. The firm has a 50-day moving average price of C$12.87 and a 200 day moving average price of C$13.31. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 120.18.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.0742 per share. The ex-dividend date is Wednesday, July 31st. This represents a $0.89 dividend on an annualized basis and a yield of 6.42%. Crombie Real Estate Investment Trust’s payout ratio is -269.70%.

Insider Activity

In other Crombie Real Estate Investment Trust news, Director Mark Holly bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average cost of C$13.03 per share, for a total transaction of C$65,150.00. 1.16% of the stock is currently owned by corporate insiders.

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.