Crombie Real Estate Investment Trust’s stock has seen notable fluctuations recently, reflecting broader trends in the real estate sector.
Crombie Real Estate Investment Trust (CRR-UN.TO) experienced a decline of 1.91% on the last trading day, contributing to a weekly drop of 6.12%. As the REIT navigates through its earnings season, investor sentiment appears cautious amidst recent financial disclosures.
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Crombie Real Estate Investment Trust
CRR-UN.TO
CRR-UN.TO
Crombie Real Estate Investment Trust
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Market cap
$4.42B
Div. yield
2.73%
Div. / share
$0.45
52W high
$17.84
52W low
$13.80
1W change
-6.12%
Beta
0.91
Analyst Price Targets
Based on analyst covering CRR-UN
Wall Street analysts forecast CRR-UN stock price to rise 13.1% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$18.55
+13.1% Upside
Current Price
C$16.40
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CRR-UN's historical volatility
30-Day Vol
16.2%
Annualized
90-Day Vol
15.1%
Annualized
Trend (90d)
-9.1%
Annualized drift
90d Mean
C$15.87
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$16.22 | C$15.34 – C$17.15 |
| 60 trading days | C$16.05 | C$14.83 – C$17.37 |
| 90 trading days | C$15.87 | C$14.41 – C$17.49 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: Crombie REIT's recent earnings highlights and dividend analysis reveal a mixed outlook, with analysts maintaining a moderately bullish stance despite current price pressures.
Crombie REIT's stock closed at C$16.32, down 1.91% on the day.
The stock is currently trading at 62% of its 52-week range, indicating potential volatility ahead.
Bull case
Crombie’s profit margin of 22.2% and a market cap of about C$4.42 billion show its operational efficiency and growth potential in the evolving real estate market.
Bear case
However, the stock has dropped 7.45% over the past month, raising concerns about its resilience in a competitive market, especially as it trades near its 200-day moving average.
Recent Price Action
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Crombie REIT's stock closed at C$16.32, reflecting a 1.91% decline on the last trading day. Over the past week, the stock has seen a total drop of 6.12%, and in the last month, it has decreased by 7.45%. Despite these declines, the year-to-date performance remains positive with a gain of 6.91%.
Company News
Crombie REIT recently released highlights from its Q2 earnings call, showcasing key financial metrics and strategic initiatives. The second quarter results, announced on August 5, indicate the trust's ongoing commitment to growth while also addressing challenges in the current market environment. Additionally, a thorough dividend analysis was conducted at the end of July, which may influence investor decisions moving forward.
Technical Picture
From a technical standpoint, Crombie's stock is currently trading below its 50-day moving average of C$17.40, which is a decline of 6.2% compared to the current price. However, it is slightly above its 200-day moving average of C$16.28, showing a marginal increase of 0.2%. The stock's 52-week range is C$13.80 to C$17.84, indicating it is currently trading at 62% of this range. With a beta of 0.91, Crombie's stock exhibits lower volatility compared to the broader market.
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