Crombie Real Estate Investment Trust (TSE:CRR.UN – Free Report) had its price target decreased by TD Securities from C$16.00 to C$15.00 in a report released on Wednesday, BayStreet.CA reports.
CRR.UN has been the topic of several other reports. Desjardins raised their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a buy rating in a report on Friday, February 23rd. BMO Capital Markets lifted 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. Scotiabank lowered their price target on Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an outperform rating on the stock in a research note on Friday, February 23rd. National Bankshares lifted their price target on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock an outperform rating in a research note on Monday, January 29th. Finally, Raymond James set a C$16.00 price target on Crombie Real Estate Investment Trust and gave the stock an outperform rating in a research note on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$15.42.
Check Out Our Latest Stock Report on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Stock Down 0.8 %
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 given 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 yield of 6.86%. Crombie Real Estate Investment Trust’s payout ratio is -269.70%.
Insider Buying and Selling
In related news, Director Michael Harold Vels acquired 6,500 shares of Crombie Real Estate Investment Trust stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average price of C$13.85 per share, for a total transaction of C$90,025.00. 0.14% of the stock is currently owned by company 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.
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