Crombie Real Estate Investment Trust (CRR.UN) Upgraded by TD Securities to “Buy”

TD Securities upgraded shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) from a hold rating to a buy rating in a report released on Monday. TD Securities currently has C$15.50 target price on the stock, up from their previous target price of C$14.50.

CRR.UN has been the subject of several other reports. Scotiabank lowered their target price on Crombie Real Estate Investment Trust from C$15.00 to C$14.75 and set a sector perform rating for the company in a research note on Wednesday, August 16th. National Bank Financial lowered their target price on Crombie Real Estate Investment Trust from C$15.25 to C$15.00 and set an outperform rating for the company in a research note on Tuesday, October 31st.

Crombie Real Estate Investment Trust (CRR.UN) traded up C$0.58 during trading hours on Monday, reaching C$14.03. The company’s stock had a trading volume of 260,100 shares, compared to its average volume of 141,936. Crombie Real Estate Investment Trust has a 12 month low of C$13.02 and a 12 month high of C$14.91.

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Crombie Real Estate Investment Trust Company Profile

Crombie Real Estate Investment Trust is a Canada-based unincorporated open-ended real estate investment trust (REIT). The Trust invests in income-producing retail, office and mixed use properties in Canada. It owns and operates primarily retail and office real estate assets located in Canada. It owns a portfolio of over 280 investment properties in 10 provinces, comprising approximately 19.1 million square feet of gross leasable area (GLA).

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