Crombie Real Estate Investment Trust (TSE:CRR.UN) Given New C$15.00 Price Target at Royal Bank of Canada

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its target price decreased by Royal Bank of Canada from C$17.00 to C$15.00 in a research report released on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other brokerages also recently weighed in on CRR.UN. TD Securities lowered their target price on shares of Crombie Real Estate Investment Trust from C$17.00 to C$16.50 and set a buy rating on the stock in a report on Friday, August 11th. Desjardins set a C$17.50 price objective on shares of Crombie Real Estate Investment Trust and gave the stock a buy rating in a research report on Wednesday, October 4th. CIBC cut their price objective on shares of Crombie Real Estate Investment Trust from C$18.00 to C$17.00 and set an outperform rating for the company in a research report on Friday, November 10th. Scotiabank lowered their target price on Crombie Real Estate Investment Trust from C$18.25 to C$16.75 and set an outperform rating for the company in a research note on Friday, November 10th. Finally, National Bankshares upped their price objective on Crombie Real Estate Investment Trust from C$13.50 to C$14.00 and gave the company an outperform rating in a research note on Monday, November 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Crombie Real Estate Investment Trust presently has an average rating of Moderate Buy and an average target price of C$16.13.

Crombie Real Estate Investment Trust Stock Down 0.5 %

Crombie Real Estate Investment Trust stock opened at C$13.23 on Monday. The company’s 50 day simple moving average is C$12.83 and its 200 day simple moving average is C$13.60. Crombie Real Estate Investment Trust has a fifty-two week low of C$11.68 and a fifty-two week high of C$17.07. The firm has a market capitalization of C$1.41 billion, a price-to-earnings ratio of 661.50 and a beta of 0.91. The company has a debt-to-equity ratio of 118.04, a current ratio of 0.14 and a quick ratio of 0.11.

Crombie Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 15th were paid a $0.0742 dividend. The ex-dividend date was Monday, October 30th. This represents a $0.89 annualized dividend and a yield of 6.73%. Crombie Real Estate Investment Trust’s dividend payout ratio is currently 4,450.00%.

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.