Raymond James set a C$16.00 price target on Crombie Real Estate Investment Trust (TSE:CRR.UN – Free Report) in a research report released on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
CRR.UN has been the topic of a number of other reports. TD Securities raised their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$15.50 and gave the company a buy rating in a research note on Friday, February 23rd. Desjardins lifted their price target 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 research note on Friday, February 23rd. National Bankshares lifted their price target 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 research note on Monday, January 29th. Canaccord Genuity Group lifted their price target on shares of Crombie Real Estate Investment Trust from C$13.50 to C$14.50 and gave the stock a hold rating in a research note on Wednesday, December 20th. Finally, BMO Capital Markets raised their target price on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a report on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$15.56.
Check Out Our Latest Stock Analysis on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Price Performance
CRR.UN stock opened at C$13.69 on Thursday. The firm has a 50 day moving average of C$13.83 and a 200-day moving average of C$13.40. The company has a current ratio of 0.15, a quick ratio of 0.11 and a debt-to-equity ratio of 119.86. Crombie Real Estate Investment Trust has a 12 month low of C$11.68 and a 12 month high of C$15.78. The firm has a market capitalization of C$1.47 billion, a P/E ratio of -41.48 and a beta of 0.91.
Crombie Real Estate Investment Trust Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were given a dividend of $0.0742 per share. This represents a $0.89 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend was Wednesday, February 28th. Crombie Real Estate Investment Trust’s payout ratio is currently -269.70%.
Insider Activity
In related news, Director Michael Harold Vels acquired 6,500 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was bought at an average cost of C$13.85 per share, for a total transaction of C$90,025.00. Insiders own 0.14% of the company’s stock.
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.
Further Reading
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