Brokerages Set Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target at C$15.28

Crombie Real Estate Investment Trust (TSE:CRR.UN) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$15.28.

A number of analysts have recently issued reports on the company. CIBC dropped their price target on Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a research report on Friday, May 10th. Raymond James set a C$16.00 price target on shares of Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Thursday, March 28th. National Bankshares lowered their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Scotiabank cut their target price on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an “outperform” rating for the company in a research report on Monday, May 13th. Finally, TD Securities lowered their price target on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research report on Wednesday, April 24th.

Insiders Place Their Bets

In related news, Director Mark Holly acquired 5,000 shares of the stock in a transaction on Thursday, May 16th. The stock was acquired at an average cost of C$13.03 per share, for a total transaction of C$65,150.00. Company insiders own 1.16% of the company’s stock.

Crombie Real Estate Investment Trust Stock Down 0.4 %

CRR.UN stock opened at C$13.85 on Friday. The stock has a 50-day simple moving average of C$12.84 and a two-hundred day simple moving average of C$13.31. Crombie Real Estate Investment Trust has a twelve month low of C$11.68 and a twelve month high of C$14.50. The firm has a market capitalization of C$1.49 billion, a PE ratio of -41.97 and a beta of 0.92. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 120.18.

Crombie Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.0742 per share. This represents a $0.89 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend is Wednesday, July 31st. Crombie Real Estate Investment Trust’s payout ratio is currently -269.70%.

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.