Crombie Real Estate Investment Trust (TSE:CRR.UN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$16.06.

A number of research analysts have recently weighed in on the stock. National Bankshares raised their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research note on Wednesday, October 9th. Canaccord Genuity Group boosted their price target on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a “hold” rating in a report on Monday, September 16th. BMO Capital Markets lifted their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th. TD Securities upped their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Raymond James raised their price target on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th.

Crombie Real Estate Investment Trust Stock Performance

Shares of CRR.UN opened at C$13.44 on Tuesday. Crombie Real Estate Investment Trust has a 12-month low of C$12.25 and a 12-month high of C$16.22. The stock has a market cap of C$1.45 billion, a P/E ratio of -48.00 and a beta of 0.95. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87. The company has a 50-day moving average of C$14.55 and a two-hundred day moving average of C$14.13.

Crombie Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 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 6.63%. The ex-dividend date was Thursday, October 31st. Crombie Real Estate Investment Trust’s payout ratio is currently -317.86%.

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.