Crombie Real Estate Investment Trust (TSE:CRR.UN – Free Report) had its price objective trimmed by National Bankshares from C$15.00 to C$14.25 in a research note released on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other research firms also recently weighed in on CRR.UN. Raymond James set a C$16.00 price target on shares of Crombie Real Estate Investment Trust and gave the stock an outperform rating in a research note on Thursday, March 28th. Scotiabank lowered their target price on shares of Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an outperform rating on the stock in a research report on Friday, February 23rd. Desjardins increased their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a buy rating in a research report on Friday, February 23rd. TD Securities lowered their target price on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research report on Wednesday. Finally, BMO Capital Markets increased their target price on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Crombie Real Estate Investment Trust currently has an average rating of Moderate Buy and a consensus target price of C$15.42.
Get Our Latest Stock Report on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Trading Down 0.8 %
Crombie Real Estate Investment Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be given a $0.0742 dividend. This represents a $0.89 annualized dividend and a yield of 6.86%. The ex-dividend date is Monday, April 29th. Crombie Real Estate Investment Trust’s dividend payout ratio is currently -269.70%.
Insiders Place Their Bets
In other Crombie Real Estate Investment Trust news, Director Michael Harold Vels purchased 6,500 shares of the company’s stock in a transaction on Friday, March 1st. The shares were bought at an average cost of C$13.85 per share, with a total value of C$90,025.00. Company insiders own 0.14% of the company’s stock.
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.
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