Capreit Forecasted to Earn Q1 2024 Earnings of $0.60 Per Share (TSE:CAR)

Capreit (TSE:CAR) – Equities researchers at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for shares of Capreit in a report issued on Tuesday, April 23rd. National Bank Financial analyst M. Kornack expects that the company will earn $0.60 per share for the quarter. National Bank Financial also issued estimates for Capreit’s FY2025 earnings at $2.87 EPS.

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

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

Capreit Stock Performance

Capreit has a 52-week low of C$20.71 and a 52-week high of C$50.88.

Capreit Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors 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.