Brokers Set Expectations for Edgefront Real Estate Investment Trust’s Q1 2022 Earnings (TSE:NXR)

Edgefront Real Estate Investment Trust (TSE:NXR – Get Rating) – Investment analysts at Desjardins increased their Q1 2022 earnings per share (EPS) estimates for Edgefront Real Estate Investment Trust in a note issued to investors on Sunday, April 17th. Desjardins analyst K. Stanley now expects that the company will post earnings per share of $0.19 for the quarter, up from their prior estimate of $0.18. Desjardins also issued estimates for Edgefront Real Estate Investment Trust’s Q2 2022 earnings at $0.21 EPS and FY2023 earnings at $0.90 EPS.

Edgefront Real Estate Investment Trust (TSE:NXR – Get Rating) last announced its quarterly earnings data on Tuesday, March 15th. The company reported C$0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.19 by C$0.46. The firm had revenue of C$27.54 million for the quarter.

Several other analysts have also recently weighed in on the company. Echelon Wealth Partners reissued a “buy” rating on shares of Edgefront Real Estate Investment Trust in a report on Monday, January 24th. National Bank Financial reissued an “outperfrom under weight” rating on shares of Edgefront Real Estate Investment Trust in a report on Monday, March 7th.

The firm also recently declared a monthly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were given a $0.053 dividend. This represents a $0.64 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend was Wednesday, March 30th.

About Edgefront Real Estate Investment Trust (Get Rating)

Nuveen Select Tax-Free Income Portfolio 3 Fund’s primary objective is current income exempt from regular federal income tax, consistent with preservation of capital.

The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.

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