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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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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