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

Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Rating) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$19.00.

CRR.UN has been the topic of a number of recent research reports. Scotiabank lowered their price target on shares of Crombie Real Estate Investment Trust from C$20.25 to C$19.75 in a research report on Friday, May 13th. TD Securities lowered their price target on shares of Crombie Real Estate Investment Trust from C$20.00 to C$19.50 and set a “buy” rating on the stock in a research report on Friday, May 13th. CIBC decreased their target price on shares of Crombie Real Estate Investment Trust from C$19.50 to C$18.25 in a report on Monday, June 27th. Finally, National Bankshares decreased their target price on shares of Crombie Real Estate Investment Trust from C$0.00 to C$17.50 and set an “outperform” rating on the stock in a report on Wednesday, July 20th.

Crombie Real Estate Investment Trust Stock Down 0.1 %

CRR.UN stock opened at C$16.59 on Tuesday. The stock has a market capitalization of C$1.73 billion and a P/E ratio of 18.64. The firm has a 50-day simple moving average of C$16.26 and a 200-day simple moving average of C$17.15. The company has a quick ratio of 0.06, a current ratio of 0.12 and a debt-to-equity ratio of 121.55. Crombie Real Estate Investment Trust has a 52 week low of C$15.21 and a 52 week high of C$19.09.

Crombie Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 15th will be issued a $0.0742 dividend. The ex-dividend date is Thursday, July 28th. This represents a $0.89 annualized dividend and a dividend yield of 5.37%. Crombie Real Estate Investment Trust’s dividend payout ratio is currently 100.00%.

About Crombie Real Estate Investment Trust

(Get Rating)

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 centers, freestanding stores and mixed use developments primarily in Canada’s top urban and suburban markets.

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Analyst Recommendations for Crombie Real Estate Investment Trust (TSE:CRR.UN)

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