National Bank Financial cut shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) from an outperform rating to a sector perform rating in a research report sent to investors on Tuesday. They currently have C$14.25 price target on the stock, down from their previous price target of C$15.00.

Several other brokerages have also recently issued reports on CRR.UN. Scotiabank lifted their target price on Crombie Real Estate Investment Trust from C$14.75 to C$15.00 and gave the company a sector perform rating in a research report on Wednesday, November 15th. TD Securities raised Crombie Real Estate Investment Trust from a hold rating to a buy rating and lifted their target price for the company from C$14.50 to C$15.50 in a research report on Monday, November 13th.

Crombie Real Estate Investment Trust (CRR.UN) opened at C$13.15 on Tuesday. The stock has a market capitalization of $1,150.00, a P/E ratio of 11.95 and a beta of 0.24. Crombie Real Estate Investment Trust has a 1 year low of C$12.85 and a 1 year 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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