Crombie Real Estate Investment Trust (CRR.UN) Cut to “Sector Perform” at National Bank Financial

Crombie Real Estate Investment Trust (TSE:CRR.UN) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a note issued to investors on Tuesday. They presently have a C$14.25 price target on the stock, down from their previous price target of C$15.00. National Bank Financial’s price objective would indicate a potential upside of 8.37% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Scotiabank increased their price target on Crombie Real Estate Investment Trust from C$14.75 to C$15.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 15th. TD Securities upgraded Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from C$14.50 to C$15.50 in a report on Monday, November 13th.

Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) traded up C$0.11 during trading hours on Tuesday, reaching C$13.15. The company’s stock had a trading volume of 141,100 shares, compared to its average volume of 143,662. The stock has a market cap of $1,150.00, a PE ratio of 11.95 and a beta of 0.24. Crombie Real Estate Investment Trust has a 12 month low of C$12.85 and a 12 month high of C$14.91.

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Crombie Real Estate Investment Trust Company Profile

Crombie Real Estate Investment Trust is a Canada-based unincorporated open-ended real estate investment trust (REIT). The Trust invests in income-producing retail, office and mixed use properties in Canada. It owns and operates primarily retail and office real estate assets located in Canada. It owns a portfolio of over 280 investment properties in 10 provinces, comprising approximately 19.1 million square feet of gross leasable area (GLA).

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