FY2024 EPS Estimates for Edgefront Real Estate Investment Trust Reduced by Analyst (TSE:NXR)

Posted by Joseph Casey on Apr 27th, 2024

Edgefront Real Estate Investment Trust (TSE:NXR – Free Report) – Investment analysts at Raymond James cut their FY2024 earnings per share estimates for Edgefront Real Estate Investment Trust in a research report issued on Wednesday, April 24th. Raymond James analyst B. Sturges now expects that the company will post earnings of $0.74 per share for the year, down from their previous estimate of $0.75.

Edgefront Real Estate Investment Trust Stock Performance

Edgefront Real Estate Investment Trust (TSE:NXR – Get Free Report) last released its quarterly earnings results on Wednesday, March 13th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.19 by C($0.17). The firm had revenue of C$42.01 million during the quarter.

Edgefront Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.053 dividend. This represents a $0.64 annualized dividend and a yield of ∞. The ex-dividend date was Wednesday, March 27th.

About Edgefront Real Estate Investment Trust

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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.