Cominar REIT to Post Q3 2019 Earnings of $0.28 Per Share, Desjardins Forecasts (TSE:CUF)

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Cominar REIT (TSE:CUF) – Analysts at Desjardins reduced their Q3 2019 EPS estimates for shares of Cominar REIT in a research note issued to investors on Sunday, August 11th. Desjardins analyst M. Markidis now expects that the company will post earnings of $0.28 per share for the quarter, down from their prior forecast of $0.29. Desjardins also issued estimates for Cominar REIT’s FY2020 earnings at $1.10 EPS and FY2021 earnings at $1.11 EPS.

Cominar REIT (TSE:CUF) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.28 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.29 by C($0.01). The business had revenue of C$176.63 million during the quarter.

Separately, Echelon Wealth Partners reissued a “buy” rating on shares of Cominar REIT in a research note on Monday, May 6th.

Cominar REIT has a 52 week low of C$11.84 and a 52 week high of C$14.95.

The firm also recently declared a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Tuesday, July 30th.

Cominar REIT Company Profile

Cominar REIT is a Canada-based real estate investment trust (REIT). The Company is a commercial property owner and manager in the province of Quebec. Its segments include Office, Retail, and Industrial and mixed-use. Its activities include a portfolio of three property types, including office properties, retail properties, and industrial and mixed-use properties located in Canadian provinces.

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