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

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$15.83.

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

Crombie Real Estate Investment Trust Stock Down 1.3 %

TSE CRR.UN opened at C$15.21 on Monday. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14. Crombie Real Estate Investment Trust has a 52 week low of C$11.81 and a 52 week high of C$16.22. The stock has a market capitalization of C$1.64 billion, a P/E ratio of -54.32 and a beta of 0.95. The stock has a fifty day moving average of C$15.16 and a 200-day moving average of C$13.77.

Crombie Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be given a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date of this dividend is Thursday, October 31st. Crombie Real Estate Investment Trust’s dividend payout ratio is presently -317.86%.

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.