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

Beth McCandry

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Rating) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month objective price among brokers that have updated their coverage on the stock in the last year is C$18.83.

Several brokerages have weighed in on CRR.UN. TD Securities lowered their price target on shares of Crombie Real Estate Investment Trust from C$18.50 to C$18.00 and set a “buy” rating on the stock in a report on Thursday. National Bankshares lifted their objective price on shares of Crombie Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Finally, CIBC reduced their price objective on shares of Crombie Real Estate Investment Trust from C$19.50 to C$18.25 in a research report on Monday, June 27th.

Crombie Real Estate Investment Trust Stock Performance

Shares of TSE CRR.UN opened at C$14.52 on Friday. The firm’s 50-day moving average price is C$15.22 and its 200-day moving average price is C$16.22. The company has a quick ratio of 0.07, a current ratio of 0.25 and a debt-to-equity ratio of 124.19. The company has a market cap of C$1.52 billion and a PE ratio of 290.40. Crombie Real Estate Investment Trust has a 52-week low of C$13.68 and a 52-week high of C$19.09.

Crombie Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be paid a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date is Friday, October 28th. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 1,780.00%.

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

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