Crombie Real Estate Investment Trust has shown modest gains this week amid steady performance metrics.
Crombie Real Estate Investment Trust (CRR.UN) has experienced a slight upward trend in its stock price, closing at C$17.73, reflecting a 0.34% increase on the day and a 0.51% rise over the past week. The stock has been performing well year-to-date, up 15.91%. This analysis will delve into the recent price action, technical indicators, and relevant company news.
Investor takeaway: Crombie REIT's steady performance and positive growth metrics suggest a stable investment in the real estate sector, particularly for those seeking income through distributions.
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Crombie Real Estate Investment Trust
CRR-UN.TO
CRR-UN.TO
Crombie Real Estate Investment Trust
WealthAwesomeMarket cap
$4.68B
52W high
$17.92
52W low
$13.51
1W change
+0.51%
Beta
0.91
Analyst Price Targets
Based on analyst covering CRR-UN
Wall Street analysts forecast CRR-UN stock price to rise 3.3% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$18.38
+3.3% Upside
Current Price
C$17.78
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CRR-UN's historical volatility
30-Day Vol
14.3%
Annualized
90-Day Vol
14.7%
Annualized
Trend (90d)
+24.8%
Annualized drift
90d Mean
C$19.43
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$18.31 | C$17.43 โ C$19.24 |
| 60 trading days | C$18.86 | C$17.59 โ C$20.22 |
| 90 trading days | C$19.43 | C$17.84 โ C$21.16 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Crombie REIT's Year-to-Date Growth at 15.91%
With a profit margin of 23.7% and a return on equity of 6.5%, Crombie REIT demonstrates solid fundamentals, contributing to its strong year-to-date performance.
Bull case
The recent increase in cash flow from commercial properties and the announcement of a distribution increase indicate positive operational trends. These factors could enhance investor confidence in Crombie REIT.
Bear case
Despite these positive indicators, the absence of recent news and lower trading volume compared to the 20-day average may raise concerns about investor interest and market momentum.
Recent Price Action
Crombie REIT closed at C$17.73, marking a 0.34% increase for the day and a 0.51% rise over the week. The stock has gained 2.36% in the past month and boasts a year-to-date growth of 15.91%. Although there has been no significant news driving the stock this week, its steady performance may appeal to investors looking for stability in the real estate sector.
Technical Picture
Crombie REIT's technical indicators show a 50-day moving average of C$17.23, indicating a 2.9% premium to the current price, while the 200-day moving average stands at C$16.06, representing a 10.4% premium. The stock has traded within a 52-week range of C$13.51 to C$17.92, suggesting it is currently at 96% of its range. With a beta of 0.91, Crombie REIT exhibits lower volatility compared to the broader market. Trading volume has been relatively low, with the latest volume at 43,023 shares, compared to the 20-day average of 170,178 shares, indicating a volume of 0.91 times the average.
Insider Activity
There has been no recent insider trading activity reported for Crombie REIT, suggesting a stable insider sentiment towards the stock at this time.
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