Q2 2024 Earnings Estimate for Capreit (TSE:CAR) Issued By Desjardins

Capreit (TSE:CAR) – Analysts at Desjardins dropped their Q2 2024 earnings estimates for Capreit in a research report issued on Sunday, May 12th. Desjardins analyst K. Stanley now anticipates that the company will post earnings per share of $0.63 for the quarter, down from their previous estimate of $0.64. Desjardins also issued estimates for Capreit’s Q3 2024 earnings at $0.67 EPS, Q4 2024 earnings at $0.65 EPS, FY2024 earnings at $2.56 EPS and FY2025 earnings at $2.72 EPS.

Capreit (TSE:CAR) last issued its earnings results on Thursday, February 22nd. The company reported C$0.05 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 for the quarter.

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

Capreit Stock Performance

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

Capreit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.121 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.45 annualized dividend and a yield of ∞.