TSE:REI FY2025 EPS Estimate Cut by National Bank Financial

RioCan Real Estate Investment Trust (TSE:REI) – National Bank Financial lowered their FY2025 EPS estimates for shares of RioCan Real Estate Investment Trust in a research note issued on Tuesday, November 12th. National Bank Financial analyst M. Kornack now forecasts that the company will post earnings of $1.71 per share for the year, down from their prior estimate of $1.75.

RioCan Real Estate Investment Trust Stock 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 Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 31st were issued 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 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.