Raymond James Analysts Boost Earnings Estimates for Granite Real Estate Investment Trust (TSE:GRT)

Granite Real Estate Investment Trust (TSE:GRT – Get Rating) – Investment analysts at Raymond James upped their Q1 2023 EPS estimates for Granite Real Estate Investment Trust in a research note issued on Monday, March 13th. Raymond James analyst B. Sturges now forecasts that the real estate investment trust will post earnings per share of $1.24 for the quarter, up from their prior forecast of $1.15. Raymond James also issued estimates for Granite Real Estate Investment Trust’s Q2 2023 earnings at $1.27 EPS, Q3 2023 earnings at $1.25 EPS, Q4 2023 earnings at $1.28 EPS, FY2023 earnings at $5.04 EPS, Q1 2024 earnings at $1.33 EPS, Q2 2024 earnings at $1.35 EPS, Q3 2024 earnings at $1.35 EPS, Q4 2024 earnings at $1.36 EPS and FY2024 earnings at $5.40 EPS.

Granite Real Estate Investment Trust Price Performance

Granite Real Estate Investment Trust has a 52 week low of C$30.78 and a 52 week high of C$38.97.

Granite Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were paid a dividend of $0.267 per share. This represents a $3.20 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Monday, February 27th.

About Granite Real Estate Investment Trust

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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.