Desjardins Brokers Cut Earnings Estimates for Cominar REIT (CUF)

Cominar REIT (TSE:CUF) – Investment analysts at Desjardins cut their FY2017 earnings per share (EPS) estimates for shares of Cominar REIT in a research note issued on Monday, according to Zacks Investment Research. Desjardins analyst M. Markidis now forecasts that the company will post earnings per share of $1.40 for the year, down from their previous forecast of $1.41. Desjardins also issued estimates for Cominar REIT’s Q4 2017 earnings at $0.36 EPS and FY2018 earnings at $1.29 EPS.

Cominar REIT (TSE:CUF) last posted its earnings results on Friday, November 10th. The company reported C$0.35 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.37 by C($0.02). Cominar REIT had a net margin of 31.34% and a return on equity of 6.68%.

Cominar REIT (CUF) opened at C$14.73 on Tuesday. Cominar REIT has a 1-year low of C$11.84 and a 1-year high of C$15.08. The firm has a market capitalization of $2,730.00, a PE ratio of 12.48 and a beta of 0.38.

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About Cominar REIT

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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