Capreit (CAR) to Release Quarterly Earnings on Wednesday

Capreit (TSE:CAR) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$0.61 per share for the quarter.

Capreit (TSE:CAR) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.59 by C($0.54). The firm had revenue of C$272.20 million for the quarter.

Capreit Price Performance

Capreit has a twelve month low of C$20.71 and a twelve month high of C$50.88.

Capreit Announces Dividend

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

Analysts Set New Price Targets

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