Crombie Real Estate Investment Trust (TSE:CRR.UN) Receives C$15.56 Consensus Price Target from Analysts

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$15.56.

A number of equities analysts recently issued reports on CRR.UN shares. National Bankshares raised their price objective on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a report on Monday, January 29th. Scotiabank reduced 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 research report on Friday, February 23rd. Desjardins raised their target price on shares of 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. TD Securities lifted their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$15.50 and gave the stock a "buy" rating in a research note on Friday, February 23rd. Finally, Raymond James set a C$16.00 price objective on shares of Crombie Real Estate Investment Trust and gave the stock an "outperform" rating in a research note on Thursday, March 28th.

Crombie Real Estate Investment Trust Stock Down 1.9 %

Crombie Real Estate Investment Trust stock traded down C$0.26 during mid-day trading on Thursday, reaching C$13.17. The stock had a trading volume of 421,210 shares, compared to its average volume of 171,812. The company has a market capitalization of C$1.41 billion, a price-to-earnings ratio of -39.91 and a beta of 0.91. The company has a 50-day moving average price of C$13.79 and a two-hundred day moving average price of C$13.40. Crombie Real Estate Investment Trust has a one year low of C$11.68 and a one year high of C$15.78. The company has a debt-to-equity ratio of 119.86, a current ratio of 0.15 and a quick ratio of 0.11.

Crombie Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were issued a dividend of $0.0742 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend was Wednesday, February 28th. Crombie Real Estate Investment Trust's dividend payout ratio is presently -269.70%.

Insider Activity at Crombie Real Estate Investment Trust

In related news, Director Michael Harold Vels acquired 6,500 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was acquired 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 currently owned by company insiders.

Crombie Real Estate Investment Trust Company Profile

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.