Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Rating Lowered by Raymond James Financial

Crombie Real Estate Investment Trust (TSE:CRR.UN) was downgraded by stock analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a report issued on Wednesday,BayStreet.CA reports.

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

Crombie Real Estate Investment Trust Stock Up 0.4%

Crombie Real Estate Investment Trust stock traded up C$0.07 during mid-day trading on Wednesday, hitting C$15.94. The company had a trading volume of 69,966 shares, compared to its average volume of 136,412. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87. Crombie Real Estate Investment Trust has a 1 year low of C$13.01 and a 1 year high of C$16.14. The business has a fifty day moving average of C$15.31 and a 200 day moving average of C$15.08. The stock has a market cap of C$2.97 billion, a price-to-earnings ratio of 964.02 and a beta of 0.80.

About Crombie Real Estate Investment Trust

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.