Crombie Real Estate Investment Trust (TSE: CRR.UN) receives consensus buy rating from analysts

The shares of Crombie Real Estate Investment Trust (TSE: CRR.UN – Get Rating) have received a consensus rating “Buy” from the eight brokerage companies that currently cover the shares, according to MarketBeat.com. One investment analyst valued the shares with a retention recommendation, and five issued a recommendation to buy the company. The average 12-month price target among brokerage firms that have updated their share coverage over the past year is C $ 19.50.

CRR.UN has been the subject of several research reports. TD Securities lowered its Crombie Real Estate Investment Trust share price target from C $ 20.00 to C $ 19.50 and set a “buy” rating on the stock in a report on Friday, May 13th. Scotiabank reduced its target price for the Crombie Real Estate Investment Trust from C $ 20.25 to C $ 19.75 in a report on Friday, May 13. Finally, Canaccord Genuity Group raised the Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Friday, February 25th.

TSE CRR.UN opened at a price of C $ 15.46 on Monday. The stock has a 50-day simple moving average of C $ 17.15 and a 200-day simple moving average of C $ 17.62. The Crombie Real Estate Investment Trust has the lowest value in twelve months of C $ 15.21 and the highest in twelve months of C $ 19.09. The shares have a market capitalization of 2.73 billion Canadian dollars and a PE ratio of 17.37. The company has a debt-to-equity ratio of 121.55, a fast ratio of 0.06 and a current ratio of 0.12.

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The business also recently announced a monthly dividend, which was paid on Friday (May 13th). The record shareholders on Friday, May 13, received a dividend of $ 0.0742. This represents a dividend of $ 0.89 on an annual basis and a yield of 5.76%. The date of the former dividend was Thursday, April 28. The dividend payout ratio (DPR) of the Crombie Real Estate Investment Trust is 100.00%.

In other news from the Crombie Real Estate Investment Trust, director Donald Everett Clow sold 25,000 shares of the business shares in a deal on Monday, March 28th. The shares were sold at an average price of C $ 18.50, for a total value of C $ 462,575.00. Following the deal, the director now directly owns 125,014 shares in the company worth C $ 2,313,134.04.

About Crombie Real Estate Investment Trust (Get an estimate)

The 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 leading national real estate landlords in the country with a strategy to own, manage and develop a portfolio of high quality grocery stores and drugstores, freestanding shops and mixed use complexes, mainly in the best urban and suburban markets. in Canada.

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Analysts' recommendations for Crombie Real Estate Investment Trust (TSE: CRR.UN)

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