Crombie Real Estate Investment Trust (TSE:CRR.UN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$15.42.

Several research firms recently issued reports on CRR.UN. Desjardins raised 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 report on Friday, February 23rd. BMO Capital Markets raised their target price on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Monday, February 26th. TD Securities dropped their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research note on Wednesday, April 24th. Scotiabank cut their price objective on shares of 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. Finally, National Bankshares lowered their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating for the company in a report on Wednesday, April 24th.

Insider Activity at Crombie Real Estate Investment Trust

In other Crombie Real Estate Investment Trust news, Director Michael Harold Vels purchased 6,500 shares of the stock in a transaction on Friday, March 1st. The stock was bought at an average cost of C$13.85 per share, for a total transaction of C$90,025.00. 1.16% of the stock is owned by corporate insiders.

Crombie Real Estate Investment Trust Stock Down 0.1 %

Shares of CRR.UN opened at C$12.83 on Monday. The business’s fifty day moving average price is C$13.52 and its two-hundred day moving average price is C$13.46. The firm has a market capitalization of C$1.37 billion, a price-to-earnings ratio of -38.88 and a beta of 0.91. Crombie Real Estate Investment Trust has a 52 week low of C$11.68 and a 52 week high of C$15.69. The company has a debt-to-equity ratio of 119.86, a quick ratio of 0.11 and a current ratio of 0.15.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a $0.0742 dividend. This represents a $0.89 annualized dividend and a dividend yield of 6.94%. The ex-dividend date is Monday, April 29th. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is -269.70%.

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.