Capreit (CAR) to Release Earnings on Wednesday

Capreit (TSE:CAR) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Capreit to post earnings of C$0.61 per share for the quarter.

Capreit (TSE:CAR) last issued its earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.59 by C($0.54). The company had revenue of C$272.20 million during the quarter.

Capreit Price Performance

Capreit has a 12 month low of C$20.71 and a 12 month high of C$50.88.

Capreit Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.121 dividend. This represents a $1.45 annualized dividend and a dividend yield of ∞. The ex-dividend date is Monday, April 29th.

Analysts Set New Price Targets

Separately, Echelon Wealth Partners lowered shares of Capreit from a “buy” rating to a “hold” rating in a report on Friday, February 23rd.