Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$15.56.
Several research firms recently weighed in on CRR.UN. Scotiabank reduced their target price 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. BMO Capital Markets raised their price objective on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a report on Monday, February 26th. Raymond James set a C$16.00 price objective on Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Thursday, March 28th. Canaccord Genuity Group raised their price objective on Crombie Real Estate Investment Trust from C$13.50 to C$14.50 and gave the stock a “hold” rating in a report on Wednesday, December 20th. Finally, National Bankshares raised their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Monday, January 29th.
Get Our Latest Stock Analysis on CRR.UN
Insider Buying and Selling
In related news, Director Michael Harold Vels purchased 6,500 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average price of C$13.85 per share, with a total value of C$90,025.00. Company insiders own 0.14% of the company’s stock.
Crombie Real Estate Investment Trust Stock Down 1.5 %
CRR.UN opened at C$13.43 on Thursday. The business’s fifty day simple moving average is C$13.79 and its 200 day simple moving average is C$13.40. Crombie Real Estate Investment Trust has a 52 week low of C$11.68 and a 52 week high of C$15.78. The firm has a market cap of C$1.44 billion, a P/E ratio of -40.70 and a beta of 0.91. 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 Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were issued a $0.0742 dividend. This represents a $0.89 annualized dividend and a dividend yield of 6.63%. The ex-dividend date was Wednesday, February 28th. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is -269.70%.
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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