Summit Industrial Income REIT (TSE:SMU) Upgraded by Desjardins to “Buy”

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Desjardins upgraded shares of Summit Industrial Income REIT (TSE:SMU) from a hold rating to a buy rating in a report released on Sunday, Zacks.com reports. Desjardins also issued estimates for Summit Industrial Income REIT’s Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.15 EPS, FY2019 earnings at $0.60 EPS, FY2020 earnings at $0.64 EPS and FY2021 earnings at $0.66 EPS.

Separately, Echelon Wealth Partners cut Summit Industrial Income REIT from a buy rating to a hold rating in a report on Thursday, August 8th.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.045 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This is a boost from Summit Industrial Income REIT’s previous monthly dividend of $0.04. This represents a $0.54 dividend on an annualized basis and a yield of ?.

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