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

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$15.28.

Several research firms recently weighed in on CRR.UN. National Bankshares dropped their price target on Crombie Real Estate Investment Trust from C$15.00 to C$14.25 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Scotiabank lowered their price objective on Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an “outperform” rating for the company in a research note on Monday, May 13th. TD Securities lowered their price objective on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research note on Wednesday, April 24th. CIBC decreased their price target on Crombie Real Estate Investment Trust from C$17.00 to C$16.00 in a research note on Friday, May 10th. Finally, Raymond James set a C$16.00 price target on 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 Price Performance

CRR.UN opened at C$12.75 on Tuesday. The stock’s 50 day simple moving average is C$12.75 and its 200 day simple moving average is C$13.39. The company has a debt-to-equity ratio of 120.18, a current ratio of 0.15 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 firm has a market cap of C$1.37 billion, a price-to-earnings ratio of -38.64 and a beta of 0.92.

Crombie Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were paid a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date was Friday, May 31st. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is -269.70%.

Insider Transactions at Crombie Real Estate Investment Trust

In other Crombie Real Estate Investment Trust news, Director Mark Holly acquired 5,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was purchased at an average price of C$13.03 per share, with a total value of C$65,150.00. Corporate insiders own 1.16% of the company’s stock.

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.