Raymond James Weighs in on Pro Reit’s FY2023 Earnings (TSE:PRV)

Pro Reit (TSE:PRVGet Rating) – Analysts at Raymond James dropped their FY2023 earnings estimates for Pro Reit in a research report issued on Monday, May 15th. Raymond James analyst B. Sturges now anticipates that the company will post earnings per share of $0.48 for the year, down from their previous estimate of $0.52. Raymond James also issued estimates for Pro Reit’s Q4 2024 earnings at $0.14 EPS.

Pro Reit (TSE:PRVGet Rating) last posted its quarterly earnings results on Wednesday, March 22nd. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.03). The firm had revenue of C$25.07 million for the quarter.

Separately, National Bank Financial reaffirmed a “sector perform under weight” rating on shares of Pro Reit in a research note on Tuesday, January 31st.

Pro Reit Price Performance

Pro Reit Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 28th were paid a dividend of $0.038 per share. This represents a $0.46 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Thursday, April 27th.

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Earnings History and Estimates for Pro Reit (TSE:PRV)

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