Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target Lowered to C$15.00 at TD Securities

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price objective decreased by TD Securities from C$16.00 to C$15.00 in a research note published on Wednesday morning, BayStreet.CA reports.

Other equities analysts have also issued research reports about the company. National Bankshares boosted their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock an outperform rating in a research report on Monday, January 29th. Scotiabank decreased their target price on Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an outperform rating for the company in a research report on Friday, February 23rd. Raymond James set a C$16.00 target price on Crombie Real Estate Investment Trust and gave the stock an outperform rating in a research report on Thursday, March 28th. BMO Capital Markets boosted their price target on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Monday, February 26th. Finally, Desjardins boosted their price target on 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 Friday, February 23rd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of C$15.42.

Crombie Real Estate Investment Trust Price Performance

CRR.UN opened at C$12.98 on Wednesday. The stock has a 50-day moving average price of C$13.67 and a 200-day moving average price of C$13.44. The company has a debt-to-equity ratio of 119.86, a current ratio of 0.15 and a quick ratio of 0.11. The firm has a market cap of C$1.39 billion, a PE ratio of -39.33 and a beta of 0.91. Crombie Real Estate Investment Trust has a 1 year low of C$11.68 and a 1 year high of C$15.69.

Crombie Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.0742 per share. The ex-dividend date is Monday, April 29th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.86%. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -269.70%.

Insider Activity at Crombie Real Estate Investment Trust

In related news, Director Michael Harold Vels acquired 6,500 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was bought at an average cost of C$13.85 per share, for a total transaction of C$90,025.00. 0.14% of the stock is currently owned by corporate insiders.

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.