Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target Increased to C$16.25 by Analysts at Raymond James

Crombie Real Estate Investment Trust (TSE:CRR.UN – Free Report) had its price target hoisted by Raymond James from C$16.00 to C$16.25 in a research note published on Wednesday, BayStreet.CA reports.

A number of other brokerages have also issued reports on CRR.UN. TD Securities cut their price target on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research note on Wednesday, April 24th. Scotiabank lowered their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an outperform rating for the company in a report on Monday, May 13th. National Bankshares dropped their price objective 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 research note on Wednesday, April 24th. Finally, CIBC lowered their target price on shares of Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a report on Friday, May 10th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of C$15.31.

Get Our Latest Analysis on CRR.UN

Crombie Real Estate Investment Trust Stock Performance

CRR.UN stock opened at C$13.84 on Wednesday. The company has a market cap of C$1.49 billion, a P/E ratio of -49.43 and a beta of 0.94. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. Crombie Real Estate Investment Trust has a 1 year low of C$11.68 and a 1 year high of C$14.50. The stock’s fifty day moving average price is C$13.15 and its 200-day moving average price is C$13.30.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.0742 per share. This represents a $0.89 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend is Wednesday, July 31st. Crombie Real Estate Investment Trust’s payout ratio is -317.86%.

Crombie Real Estate Investment Trust Company Profile

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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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