Crombie Real Estate Investment Trust (TSE:CRR.UN) Downgraded by Raymond James Financial to Outperform

Raymond James Financial downgraded shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) from a strong-buy rating to an outperform rating in a research report released on Wednesday,BayStreet.CA reports.

Separately, National Bankshares upped their price objective on Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$17.25.

Crombie Real Estate Investment Trust Stock Performance

Shares of Crombie Real Estate Investment Trust stock opened at C$15.96 on Wednesday. The firm has a fifty day moving average of C$15.34 and a two-hundred day moving average of C$15.09. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14. The stock has a market capitalization of C$2.97 billion, a price-to-earnings ratio of 965.23 and a beta of 0.80. Crombie Real Estate Investment Trust has a 52 week low of C$13.01 and a 52 week high of C$16.14.

Crombie Real Estate Investment Trust Company Profile

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada’s urban and suburban markets. Crombie’s major tenants include retailers such as Sobeys, Shoppers Drug Mart, Cineplex, and Province of Nova Scotia. The company’s property portfolio includes Aberdeen Business Centre, Barrington Place, Brunswick Place, Kenmount Business Centre, Barrington Tower, CIBC Building, Amherst Centre, Avalon Mall, County Fair Mall, and others.