Edgefront Real Estate Investment Trust (NXR) to Issue Monthly Dividend of $0.05 on November 15th

Edgefront Real Estate Investment Trust (TSE:NXR) announced a monthly dividend on Thursday, September 5th, Zacks reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.053 per share on Friday, November 15th. This represents a $0.64 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Thursday, October 31st.

Edgefront Real Estate Investment Trust Price Performance

Edgefront Real Estate Investment Trust (TSE:NXR) last released its earnings results on Wednesday, August 14th. The company reported C$0.46 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.28. The firm had revenue of C$43.91 million during the quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NXR shares. National Bank Financial raised shares of Edgefront Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 17th. Ventum Cap Mkts upgraded shares of Edgefront Real Estate Investment Trust to a “strong-buy” rating in a research report on Monday, July 29th.

About Edgefront Real Estate Investment Trust

Nuveen Select Tax-Free Income Portfolio 3 Fund’s primary objective is current income exempt from regular federal income tax, consistent with preservation of capital.

The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.