Desjardins Has Negative Forecast for TSE:REI FY2024 Earnings

RioCan Real Estate Investment Trust (TSE:REI) – Stock analysts at Desjardins reduced their FY2024 earnings per share (EPS) estimates for RioCan Real Estate Investment Trust in a report issued on Tuesday, November 12th. Desjardins analyst L. Kalmar now anticipates that the company will post earnings of $1.76 per share for the year, down from their prior 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 12 month low of C$10.88 and a 12 month high of C$17.17.

RioCan Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 31st were issued a $0.093 dividend. This represents a $1.12 dividend on an annualized basis and a yield of ?. The ex-dividend date of this dividend was Thursday, October 31st.

About RioCan Real Estate Investment Trust

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.