Crombie Real Estate Investment Trust’s (CRR.UN) “Market Perform” Rating Reiterated at BMO Capital Markets

BMO Capital Markets restated their market perform rating on shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) in a research report sent to investors on Monday. They currently have a C$14.00 price target on the stock.

Separately, Raymond James restated an average rating and set a C$14.00 target price on shares of Crombie Real Estate Investment Trust in a research report on Monday, December 3rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Crombie Real Estate Investment Trust has an average rating of Hold and a consensus target price of C$14.33.

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CRR.UN stock opened at C$13.70 on Monday. The firm has a market cap of $1.23 billion and a PE ratio of 18.10. Crombie Real Estate Investment Trust has a twelve month low of C$12.56 and a twelve month high of C$14.91. The company has a quick ratio of 0.03, a current ratio of 0.06 and a debt-to-equity ratio of 169.00.

The company also recently announced a monthly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Tuesday, January 15th were given a dividend of $0.0742 per share. The ex-dividend date of this dividend was Friday, December 28th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.50%. Crombie Real Estate Investment Trust’s payout ratio is currently 117.57%.

About Crombie Real Estate Investment Trust

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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