Q3 2019 EPS Estimates for WPT Industrial REIT Lowered by Desjardins (WIR)

WPT Industrial REIT (TSE:WIR) – Analysts at Desjardins reduced their Q3 2019 EPS estimates for shares of WPT Industrial REIT in a research note issued to investors on Sunday, May 12th. Desjardins analyst M. Markidis now expects that the company will post earnings of $0.28 per share for the quarter, down from their prior forecast of $0.29. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for WPT Industrial REIT’s Q4 2019 earnings at $0.28 EPS, FY2019 earnings at $1.10 EPS and FY2020 earnings at $1.17 EPS.

WPT Industrial REIT (TSE:WIR) last issued its earnings results on Wednesday, March 6th. The company reported C$0.40 earnings per share (EPS) for the quarter. The company had revenue of C$34.63 million for the quarter.

Separately, National Bank Financial reaffirmed an “outperfrom under weight” rating on shares of WPT Industrial REIT in a research note on Monday, February 25th.

WPT Industrial REIT has a 52 week low of C$13.02 and a 52 week high of C$13.10.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.063 dividend. This represents a $0.76 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend was Monday, April 29th.

WPT Industrial REIT Company Profile

WPT Industrial Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT is engaged in the business of acquiring and owning industrial investment properties located in the United States. Its objective is to provide Unitholders with an opportunity to invest in a portfolio of institutional-quality industrial properties in the United States markets, with a particular focus on distribution industrial real estate.

Further Reading: What is a Lock-Up Period?

Earnings History and Estimates for WPT Industrial REIT (TSE:WIR)

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