Desjardins Analysts Decrease Earnings Estimates for Granite Real Estate Investment Trust (TSE:GRT)

Granite Real Estate Investment Trust (TSE:GRTGet Rating) – Desjardins lowered their Q4 2022 EPS estimates for Granite Real Estate Investment Trust in a note issued to investors on Sunday, November 13th. Desjardins analyst K. Stanley now anticipates that the real estate investment trust will post earnings per share of $1.11 for the quarter, down from their prior forecast of $1.14. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Granite Real Estate Investment Trust’s FY2023 earnings at $4.90 EPS and FY2024 earnings at $5.16 EPS.

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.

Insiders Place Their Bets

In related news, Director Kelly John Marshall acquired 3,000 shares of the business’s stock in a transaction on Friday, September 16th. The shares were purchased at an average price of C$72.99 per share, for a total transaction of C$218,957.10. Following the acquisition, the director now owns 3,000 shares in the company, valued at C$218,957.10. In other Granite Real Estate Investment Trust news, Senior Officer Michael Anthony Ramparas acquired 500 shares of Granite Real Estate Investment Trust stock in a transaction dated Monday, September 26th. The stock was bought at an average cost of C$67.15 per share, with a total value of C$33,575.00. Following the completion of the transaction, the insider now owns 8,759 shares of the company’s stock, valued at C$588,166.85. Also, Director Kelly John Marshall bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was purchased at an average price of C$72.99 per share, with a total value of C$218,957.10. Following the completion of the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately C$218,957.10. Over the last three months, insiders have acquired 14,303 shares of company stock worth $988,503.

Granite Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 14th. Shareholders of record on Thursday, September 29th were given a $0.258 dividend. This represents a $3.10 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Wednesday, September 28th.

About Granite Real Estate Investment Trust

(Get Rating)

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.

Further Reading

Earnings History and Estimates for Granite Real Estate Investment Trust (TSE:GRT)

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