Granite Real Estate Investment Trust (GRT) to Release Earnings on Wednesday

Granite Real Estate Investment Trust (TSE:GRT) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$1.25 per share for the quarter.

Granite Real Estate Investment Trust (TSE:GRT) last announced its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported C$0.49 earnings per share (EPS) 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.

Granite Real Estate Investment Trust Stock Performance

Granite Real Estate Investment Trust has a fifty-two week low of C$30.78 and a fifty-two week high of C$38.97.

Granite Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders 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 annualized dividend and a yield of ∞.

Insider Buying and Selling at Granite Real Estate Investment Trust

In other news, Director Sheila A. Murray acquired 1,850 shares of Granite Real Estate Investment Trust 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. In other news, Director Kevan Stuart Gorrie purchased 500 shares of the stock in a transaction 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. Also, Director Sheila A. Murray bought 1,850 shares of the stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of C$72.78 per share, for a total transaction of C$134,643.00.

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.