FY2024 EPS Estimates for TSE:REI Reduced by Analyst

RioCan Real Estate Investment Trust (TSE:REI) – Equities researchers at National Bank Financial cut their FY2024 earnings per share estimates for shares of RioCan Real Estate Investment Trust in a report released on Tuesday, November 12th. National Bank Financial analyst M. Kornack now forecasts that the company will earn $1.64 per share for the year, down from their prior estimate of $1.66.

RioCan Real Estate Investment Trust Stock Performance

RioCan Real Estate Investment Trust has a one year low of C$10.88 and a one year high of C$17.17.

RioCan Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 31st were paid a $0.093 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.12 annualized dividend and a yield of ∞.

RioCan Real Estate Investment Trust Company Profile

Ring Energy, Inc, an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company’s proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico.