Brokerages Set Crombie Real Estate Investment Trust (TSE:CRR.UN) PT at C$15.56

Crombie Real Estate Investment Trust (TSE:CRR.UN) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$15.56.

Several equities research analysts recently weighed in on CRR.UN shares. 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 report on Thursday, March 28th. National Bankshares upped 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 research report on Monday, January 29th. TD Securities upped 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 report on Friday, February 23rd. BMO Capital Markets upped their price objective on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Monday, February 26th. Finally, 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 for the company in a research report on Friday, February 23rd.

Insiders Place Their Bets

In other news, Director Michael Harold Vels acquired 6,500 shares of the stock in a transaction dated Friday, March 1st. The stock was bought at an average price of C$13.85 per share, with a total value of C$90,025.00. Insiders own 0.14% of the company’s stock.

Crombie Real Estate Investment Trust Trading Up 0.2 %

Shares of Crombie Real Estate Investment Trust stock opened at C$12.84 on Thursday. The firm has a 50-day moving average of C$13.73 and a 200-day moving average of C$13.42. The stock has a market cap of C$1.37 billion, a PE ratio of -38.91 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$15.78. 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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.0742 per share. This represents a $0.89 annualized dividend and a yield of 6.93%. The ex-dividend date of this dividend is Monday, April 29th. Crombie Real Estate Investment Trust’s payout ratio is -269.70%.

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.