FY2023 EPS Estimates for Granite Real Estate Investment Trust (TSE:GRT) Cut by Analyst

Granite Real Estate Investment Trust (TSE:GRT – Get Rating) – Stock analysts at National Bank Financial lowered their FY2023 earnings per share estimates for Granite Real Estate Investment Trust in a research note issued to investors on Thursday, January 5th. National Bank Financial analyst M. Kornack now forecasts that the real estate investment trust will post earnings of $4.64 per share for the year, down from their previous forecast of $4.67. National Bank Financial also issued estimates for Granite Real Estate Investment Trust’s FY2024 earnings at $4.98 EPS.

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 – Get Rating) last released its earnings results on Wednesday, November 9th. The real estate investment trust reported C($1.42) EPS for the quarter, missing the consensus estimate of C$1.09 by C($2.51). The business had revenue of C$111.61 million during the quarter.

Insiders Place Their Bets

In other Granite Real Estate Investment Trust news, Director Sheila A. Murray purchased 1,500 shares of the stock in a transaction dated Thursday, November 24th. The shares were purchased at an average cost of C$79.72 per share, with a total value of C$119,584.05. Following the completion of the acquisition, the director now directly owns 1,500 shares in the company, valued at approximately C$119,584.05.

Granite Real Estate Investment Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be issued a $0.267 dividend. This represents a $3.20 annualized dividend and a yield of ∞. This is an increase from Granite Real Estate Investment Trust’s previous monthly dividend of $0.26. The ex-dividend date is Thursday, December 29th.

Granite Real Estate Investment Trust Company Profile

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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.