Crombie Real Estate Investment Trust (TSE:CRR.UN) Sets New 12-Month High – Should You Buy?

Crombie Real Estate Investment Trust (TSE:CRR.UN) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$15.53 and last traded at C$15.47, with a volume of 192444 shares trading hands. The stock had previously closed at C$15.37.

Analyst Upgrades and Downgrades

CRR.UN has been the subject of a number of analyst reports. Raymond James Financial raised their price objective on Crombie Real Estate Investment Trust from C$17.00 to C$17.50 and gave the company a “strong-buy” rating in a research report on Tuesday, September 23rd. National Bankshares raised their target price on shares of Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, Crombie Real Estate Investment Trust currently has a consensus rating of “Strong Buy” and a consensus price target of C$17.25.

Crombie Real Estate Investment Trust Stock Up 0.7%

The company has a market capitalization of C$2.86 billion, a P/E ratio of 935.59 and a beta of 0.80. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87. The company has a 50 day simple moving average of C$15.12 and a two-hundred day simple moving average of C$14.90.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada’s urban and suburban markets.