Raymond James Equities Analysts Reduce Earnings Estimates for Edgefront Real Estate Investment Trust (TSE:NXR)

Edgefront Real Estate Investment Trust (TSE:NXR – Get Rating) – Stock analysts at Raymond James dropped their Q2 2023 EPS estimates for Edgefront Real Estate Investment Trust in a note issued to investors on Friday, May 19th. Raymond James analyst B. Sturges now forecasts that the company will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.20. Raymond James also issued estimates for Edgefront Real Estate Investment Trust’s Q3 2023 earnings at $0.19 EPS, FY2023 earnings at $0.75 EPS and Q1 2024 earnings at $0.19 EPS.

Edgefront Real Estate Investment Trust Price Performance

Edgefront Real Estate Investment Trust (TSE:NXR – Get Rating) last announced its earnings results on Tuesday, March 14th. The company reported C($0.21) earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.42). The firm had revenue of C$36.86 million during the quarter.

Edgefront Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be given a $0.053 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.64 annualized dividend and a dividend yield of ∞.

About Edgefront Real Estate Investment Trust

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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.