Crombie Real Estate Investment Trust (TSE:CRR.UN – Free Report) had its price objective reduced by TD Securities from C$16.00 to C$15.00 in a research report released on Wednesday morning, BayStreet.CA reports.
A number of other research firms have also recently commented on CRR.UN. Desjardins raised 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 research report on Friday, February 23rd. National Bankshares raised their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company an outperform rating in a research report on Monday, January 29th. BMO Capital Markets raised their target price on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Monday, February 26th. Raymond James set a C$16.00 target price on Crombie Real Estate Investment Trust and gave the company an outperform rating in a research report on Thursday, March 28th. Finally, Scotiabank dropped 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 research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$15.42.
Read Our Latest Analysis on CRR.UN
Crombie Real Estate Investment Trust Stock Performance
Crombie Real Estate Investment Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be given a dividend of $0.0742 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.89 dividend on an annualized basis and a yield of 6.89%. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -269.70%.
Insider Buying and Selling at Crombie Real Estate Investment Trust
In related news, Director Michael Harold Vels purchased 6,500 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were bought at an average price of C$13.85 per share, for a total transaction of C$90,025.00. 0.14% of the stock is owned by company insiders.
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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