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

Edgefront Real Estate Investment Trust (TSE:NXR) – National Bank Financial decreased their FY2024 EPS estimates for shares of Edgefront Real Estate Investment Trust in a report issued on Tuesday, October 8th. National Bank Financial analyst M. Kornack now anticipates that the company will earn $0.71 per share for the year, down from their previous forecast of $0.72. National Bank Financial currently has a “Strong-Buy” rating on the stock.

Edgefront Real Estate Investment Trust (TSE:NXR) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C$0.46 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.28. The business had revenue of C$43.91 million during the quarter.

Separately, Ventum Cap Mkts raised Edgefront Real Estate Investment Trust to a “strong-buy” rating in a report on Monday, July 29th.

Edgefront Real Estate Investment Trust Stock Performance

Edgefront Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.053 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.64 dividend on an annualized basis and a yield of ∞.

About Edgefront Real Estate Investment Trust

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.