Desjardins Has Bearish Outlook for TSE:REI FY2024 Earnings

RioCan Real Estate Investment Trust (TSE:REI) – Equities research analysts at Desjardins dropped their FY2024 earnings per share estimates for RioCan Real Estate Investment Trust in a research note issued on Tuesday, November 12th. Desjardins analyst L. Kalmar now forecasts that the company will post earnings per share of $1.76 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 52 week low of C$10.88 and a 52 week high of C$17.17.

RioCan Real Estate Investment Trust Dividend Announcement

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

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.