Q3 2024 EPS Estimates for Capreit Lowered by Analyst (TSE:CAR)

Capreit (TSE:CAR) – Equities researchers at Raymond James dropped their Q3 2024 earnings per share (EPS) estimates for shares of Capreit in a research report issued to clients and investors on Wednesday, April 24th. Raymond James analyst B. Sturges now forecasts that the company will post earnings per share of $0.69 for the quarter, down from their prior forecast of $0.70. Raymond James also issued estimates for Capreit’s Q2 2025 earnings at $0.69 EPS, Q3 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.69 EPS and FY2025 earnings at $2.76 EPS.

Separately, Echelon Wealth Partners downgraded Capreit from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd.

Capreit Stock Performance

Capreit has a one year low of C$20.71 and a one year high of C$50.88.

Capreit (TSE:CAR) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.54). The firm had revenue of C$272.20 million during the quarter.

Capreit Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.121 per share. This represents a $1.45 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Monday, April 29th.