Q2 2024 EPS Estimates for Granite Real Estate Investment Trust (TSE:GRT) Increased by Analyst

Granite Real Estate Investment Trust (TSE:GRT) – Equities researchers at Raymond James raised their Q2 2024 earnings estimates for shares of Granite Real Estate Investment Trust in a research note issued to investors on Wednesday, April 24th. Raymond James analyst B. Sturges now anticipates that the real estate investment trust will post earnings per share of $1.29 for the quarter, up from their prior estimate of $1.28.

Granite Real Estate Investment Trust Price Performance

Granite Real Estate Investment Trust has a 12 month low of C$30.78 and a 12 month high of C$38.97.

Granite Real Estate Investment Trust (TSE:GRT) last released its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported C$0.49 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.25 by C($0.76). The firm had revenue of C$129.80 million for the quarter.

Insider Buying and Selling

In related news, Director Sheila A. Murray bought 1,850 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was bought at an average cost of C$72.78 per share, for a total transaction of C$134,643.00. In related news, Director Kevan Stuart Gorrie bought 500 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average cost of C$74.75 per share, for a total transaction of C$37,375.00. Also, Director Sheila A. Murray acquired 1,850 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were acquired at an average price of C$72.78 per share, with a total value of C$134,643.00.

Granite Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.275 dividend. This represents a $3.30 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Monday, April 29th.

Granite Real Estate Investment Trust Company Profile

Granite Real Estate Investment Trust is a real estate investment trust (REIT). It is engaged principally in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties in North America and Europe leased primarily to Magna International Inc and its automotive operating units.