Raymond James upgraded shares of Crombie Real Estate Investment Trust (TSE:CRR.UN – Free Report) from an outperform rating to a strong-buy rating in a report issued on Monday morning,BayStreet.CA reports. The brokerage currently has C$16.75 target price on the stock, down from their prior target price of C$17.25.
CRR.UN has been the subject of several other reports. BMO Capital Markets boosted their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. Canaccord Genuity Group lifted their target price on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Finally, National Bankshares increased their price target on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$16.06.
Get Our Latest Stock Report on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Price Performance
Crombie Real Estate Investment Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a dividend of $0.0742 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date was Thursday, October 31st. Crombie Real Estate Investment Trust’s payout ratio is -317.86%.
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.
Recommended Stories
- Five stocks we like better than Crombie Real Estate Investment Trust
- Health Care Stocks Explained: Why You Might Want to Invest
- 4 Social Media Stocks Set to Gain as TikTok Ban Looms
- What is a Special Dividend?
- How Do Stock Buybacks Affect Shareholders?
- What is the NASDAQ Stock Exchange?
- JPMorgan Chase & Co. Stock Can Hit $300 This Year
Receive News & Ratings for Crombie Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crombie Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.