Edgefront Real Estate Investment Trust (TSE:NXR) Raised to “Strong-Buy” at National Bank Financial

National Bank Financial upgraded shares of Edgefront Real Estate Investment Trust (TSE:NXR) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports. National Bank Financial also issued estimates for Edgefront Real Estate Investment Trust’s Q2 2024 earnings at $0.17 EPS and FY2024 earnings at $0.71 EPS.

Edgefront Real Estate Investment Trust Stock Performance

Edgefront Real Estate Investment Trust (TSE:NXR) last posted its earnings results on Tuesday, May 14th. The company reported C$0.47 EPS for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.29. The firm had revenue of C$41.60 million for the quarter.

Edgefront Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.053 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of ∞.

About Edgefront Real Estate Investment Trust

Nuveen Select Tax-Free Income Portfolio 3 Fund’s primary objective is current income exempt from regular federal income tax, consistent with preservation of capital.

The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.