Granite Real Estate Investment Trust Expected to Earn Q2 2024 Earnings of $1.29 Per Share (TSE:GRT)

Granite Real Estate Investment Trust (TSE:GRT) – Equities researchers at Raymond James upped their Q2 2024 EPS estimates for Granite Real Estate Investment Trust in a research note issued to investors on Wednesday, April 24th. Raymond James analyst B. Sturges now forecasts that the real estate investment trust will earn $1.29 per share 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 1 year low of C$30.78 and a 1 year high of C$38.97.

Granite Real Estate Investment Trust (TSE:GRT) last posted its earnings results on Wednesday, February 28th. The real estate investment trust reported C$0.49 EPS for the quarter, missing the consensus estimate of C$1.25 by C($0.76). The business had revenue of C$129.80 million for the quarter.

Insider Activity

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

Granite Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.275 dividend. This represents a $3.30 annualized dividend and a dividend yield of ∞. The ex-dividend date 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.