CIBC Increases Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target to C$17.00

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its target price increased by CIBC from C$16.00 to C$17.00 in a research note published on Friday, BayStreet.CA reports.

CRR.UN has been the topic of several other research reports. Canaccord Genuity upped their price objective on Crombie Real Estate Investment Trust from C$15.25 to C$15.50 in a research note on Friday, May 10th. TD Securities increased their price target on Crombie Real Estate Investment Trust from C$15.50 to C$16.00 and gave the stock a buy rating in a research report on Friday, May 10th. Raymond James reiterated a market perform rating and set a C$16.00 price target on shares of Crombie Real Estate Investment Trust in a research report on Friday. Royal Bank of Canada increased their price target on Crombie Real Estate Investment Trust from C$14.50 to C$15.50 and gave the stock a sector perform rating in a research report on Monday, May 13th. Finally, Desjardins upgraded Crombie Real Estate Investment Trust from a hold rating to a buy rating and set a C$16.00 price target on the stock in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of C$16.13.

TSE CRR.UN traded down C$0.13 on Friday, hitting C$15.47. 127,853 shares of the stock traded hands, compared to its average volume of 186,519. The company has a 50-day moving average price of C$15.49. Crombie Real Estate Investment Trust has a twelve month low of C$12.31 and a twelve month high of C$16.01. The stock has a market capitalization of $1.39 billion and a P/E ratio of 17.99. The company has a debt-to-equity ratio of 167.89, a current ratio of 0.04 and a quick ratio of 0.02.

The business also recently declared a monthly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 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 5.76%. The ex-dividend date of this dividend was Thursday, June 27th. Crombie Real Estate Investment Trust’s payout ratio is 103.49%.

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.

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Analyst Recommendations for Crombie Real Estate Investment Trust (TSE:CRR.UN)

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