Crombie Real Estate Investment Trust (TSE:CRR.UN) Receives C$19.36 Consensus PT from Analysts
Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Rating) has been given an average recommendation of “Buy” by the ten brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$19.36.
A number of research firms have issued reports on CRR.UN. Canaccord Genuity Group upgraded Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Friday, February 25th. TD Securities upgraded Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from C$19.50 to C$20.00 in a report on Monday, February 28th. BMO Capital Markets upgraded Crombie Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a C$19.50 target price for the company in a report on Friday, December 17th. Finally, National Bankshares set a C$20.00 target price on Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Tuesday, February 1st.
Shares of Crombie Real Estate Investment Trust stock remained flat at $C$18.16 on Wednesday. 164,089 shares of the company’s stock traded hands, compared to its average volume of 214,763. The firm has a 50-day moving average price of C$17.86 and a 200-day moving average price of C$17.96. The company has a market cap of C$3.20 billion and a PE ratio of 18.96. Crombie Real Estate Investment Trust has a 52 week low of C$15.82 and a 52 week high of C$19.09. The company has a quick ratio of 0.06, a current ratio of 0.15 and a debt-to-equity ratio of 141.11.
The company also recently declared a monthly dividend, which will be paid on Thursday, April 14th. Investors of record on Thursday, April 14th will be paid a dividend of $0.0742 per share. This represents a $0.89 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Wednesday, March 30th. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 92.91%.
In other Crombie Real Estate Investment Trust news, Director Donald Everett Clow sold 14,921 shares of the business’s stock in a transaction that occurred on Wednesday, March 30th. The stock was sold at an average price of C$18.40, for a total transaction of C$274,576.24. Following the completion of the sale, the director now directly owns 65,093 shares of the company’s stock, valued at approximately C$1,197,841.39.
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 centres, freestanding stores and mixed use developments primarily in Canada’s top urban and suburban markets.
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