Crombie Real Estate Investment Trust (TSE:CRR.UN – Free Report) had its target price reduced by National Bankshares from C$15.00 to C$14.25 in a research note issued to investors on Wednesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.
A number of other research analysts have also recently weighed in on CRR.UN. BMO Capital Markets lifted their target price on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a report on Monday, February 26th. Desjardins lifted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a buy rating in a report on Friday, February 23rd. 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 report on Friday, February 23rd. TD Securities reduced their price objective on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research note on Wednesday. Finally, Raymond James set a C$16.00 price objective on Crombie Real Estate Investment Trust and gave the stock an outperform rating in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$15.42.
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Crombie Real Estate Investment Trust Price Performance
Crombie Real Estate Investment Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be paid a $0.0742 dividend. This represents a $0.89 annualized dividend and a dividend yield of 6.86%. The ex-dividend date is Monday, April 29th. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is -269.70%.
Insider Buying and Selling
In other Crombie Real Estate Investment Trust 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, 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.
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