Crombie Real Estate (CRR.UN) Gets a Buy Rating from Raymond James
Shares of Crombie Real Estate (CRR.UN) were revisited by a Wall Street analyst yesterday. Analyst Ken Avalos from Raymond James reiterated a Buy rating, with a C$14 price target.
Avalos has an average return of 1.2% when recommending Crombie Real Estate.
According to TipRanks.com, Avalos is ranked #970 out of 5134 analysts.
Crombie Real Estate has an analyst consensus of Hold.
Based on Crombie Real Estate’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$20.93 million. In comparison, last year the company had a GAAP net loss of C$12.04 million.
Crombie Real Estate Investment Trust operates as a real estate investment trust/REIT. It invests in income-producing retail, office, and commercial mixed use properties in Canada focuses primarily on the acquisition of grocery and drug store anchored retail properties. The company was founded on January 1, 2006 and is headquartered in New Glasgow, Canada.
The company’s shares closed on Monday at C$12.88.