Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target Raised to C$16.75 at Raymond James

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price target increased by Raymond James from C$16.25 to C$16.75 in a research report sent to investors on Friday morning, BayStreet.CA reports.

Several other equities analysts have also issued reports on CRR.UN. CIBC cut 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. Scotiabank cut their target price on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.75 and set an outperform rating on the stock in a research report on Monday, May 13th. Finally, TD Securities 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 research note on Wednesday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Crombie Real Estate Investment Trust currently has an average rating of Moderate Buy and an average price target of C$15.47.

Crombie Real Estate Investment Trust Stock Performance

Shares of Crombie Real Estate Investment Trust stock opened at C$15.15 on Friday. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. The firm has a 50 day simple moving average of C$13.79 and a 200 day simple moving average of C$13.41. Crombie Real Estate Investment Trust has a fifty-two week low of C$11.68 and a fifty-two week high of C$15.24. The firm has a market cap of C$1.64 billion, a P/E ratio of -54.11 and a beta of 0.94.

Crombie Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a $0.0742 dividend. This represents a $0.89 annualized dividend and a yield of 5.88%. The ex-dividend date of this dividend was Wednesday, July 31st. Crombie Real Estate Investment Trust’s payout ratio is presently -317.86%.

About Crombie Real Estate Investment Trust

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.