Granite Real Estate Investment Trust (TSE:GRT – Free Report) – Stock analysts at Raymond James increased their Q4 2024 earnings estimates for 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 of $1.43 per share for the quarter, up from their prior estimate of $1.42.
Granite Real Estate Investment Trust Stock 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 Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $3.30 dividend on an annualized basis and a dividend yield of ∞.
Insider Activity
In related news, Director Kevan Stuart Gorrie acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average price of C$74.75 per share, for a total transaction of C$37,375.00. In other Granite Real Estate Investment Trust news, Director Kevan Stuart Gorrie purchased 500 shares of Granite Real Estate Investment Trust stock in a transaction on Tuesday, March 5th. The shares were bought at an average price of C$74.75 per share, with a total value of C$37,375.00. Also, Director Sheila A. Murray purchased 1,850 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was acquired at an average cost of C$72.78 per share, for a total transaction of C$134,643.00.
About Granite Real Estate Investment Trust
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.
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