Raymond James Weighs in on Capreit’s Q3 2024 Earnings (TSE:CAR)

Capreit (TSE:CAR) – Raymond James decreased their Q3 2024 earnings per share estimates for Capreit in a report released on Wednesday, April 24th. Raymond James analyst B. Sturges now expects that the company will post earnings of $0.69 per share for the quarter, down from their prior estimate of $0.70. Raymond James also issued estimates for Capreit’s Q2 2025 earnings at $0.69 EPS, Q3 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.69 EPS and FY2025 earnings at $2.76 EPS.

Capreit (TSE:CAR) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share (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 during the quarter.

Separately, Echelon Wealth Partners downgraded Capreit from a “buy” rating to a “hold” rating in a research note 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 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 $0.121 dividend. This represents a $1.45 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Monday, April 29th.