Desjardins Equities Analysts Cut Earnings Estimates for Choice Properties REIT (CHP)
Choice Properties REIT (TSE:CHP) – Analysts at Desjardins dropped their Q4 2018 earnings per share (EPS) estimates for Choice Properties REIT in a report issued on Wednesday, November 14th. Desjardins analyst M. Markidis now anticipates that the company will post earnings of $0.25 per share for the quarter, down from their previous forecast of $0.26. Desjardins also issued estimates for Choice Properties REIT’s FY2020 earnings at $1.05 EPS.
Shares of CHP stock opened at C$11.80 on Thursday. Choice Properties REIT has a twelve month low of C$11.59 and a twelve month high of C$14.26.
The business also recently declared a monthly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were given a dividend of $0.062 per share. This represents a $0.74 annualized dividend and a yield of 6.31%. The ex-dividend date of this dividend was Tuesday, October 30th.
Choice Properties REIT Company Profile
Choice Properties Real Estate Investment Trust (the Trust) is an unincorporated, open-ended real estate investment trust. The Trust is the owner, manager and developer of retail and other commercial properties across Canada. Its portfolio comprises over 530 properties with a total gross leasable area (GLA) of approximately 44 million square feet.
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