Desjardins Issues Pessimistic Outlook for TSE:REI Earnings

RioCan Real Estate Investment Trust (TSE:REI) – Analysts at Desjardins lowered their FY2024 earnings estimates for shares of RioCan Real Estate Investment Trust in a research report issued to clients and investors on Tuesday, November 12th. Desjardins analyst L. Kalmar now anticipates that the company will earn $1.76 per share for the year, down from their previous forecast of $1.78. Desjardins also issued estimates for RioCan Real Estate Investment Trust’s Q4 2024 earnings at $0.42 EPS.

RioCan Real Estate Investment Trust Price Performance

RioCan Real Estate Investment Trust has a fifty-two week low of C$10.88 and a fifty-two week high of C$17.17.

RioCan Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 31st were given a dividend of $0.093 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of ∞.

RioCan Real Estate Investment Trust Company Profile

Ring Energy, Inc, an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company’s proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico.