Crombie Real Estate Investment Trust (TSE:CRR.UN) Sets New 52-Week High – Time to Buy?

Crombie Real Estate Investment Trust (TSE:CRR.UN)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$15.53 and last traded at C$15.47, with a volume of 192444 shares changing hands. The stock had previously closed at C$15.37.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CRR.UN shares. National Bankshares increased their price target on Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Raymond James Financial increased their target price on shares of Crombie Real Estate Investment Trust from C$17.00 to C$17.50 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus target price of C$17.25.

Crombie Real Estate Investment Trust Stock Up 1.2%

The stock has a fifty day simple moving average of C$15.14 and a two-hundred day simple moving average of C$14.91. The firm has a market cap of C$2.86 billion, a PE ratio of 936.20 and a beta of 0.80. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87.

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.