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

Granite Real Estate Investment Trust (TSE:GRT) – Equities research analysts at Raymond James boosted their Q2 2024 earnings estimates for shares of Granite Real Estate Investment Trust in a report issued on Wednesday, April 24th. Raymond James analyst B. Sturges now anticipates that the real estate investment trust will earn $1.29 per share for the quarter, up from their previous estimate of $1.28.

Granite Real Estate Investment Trust (TSE:GRT) last issued its earnings results on Wednesday, February 28th. The real estate investment trust reported C$0.49 earnings per share for the quarter, missing the consensus estimate of C$1.25 by C($0.76). The company had revenue of C$129.80 million for the quarter.

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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.275 per share. This represents a $3.30 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Monday, April 29th.

Insider Buying and Selling at Granite Real Estate Investment Trust

In related news, Director Sheila A. Murray acquired 1,850 shares of the company’s stock in a transaction on Friday, March 1st. The stock was acquired at an average price of C$72.78 per share, with a total value of C$134,643.00. In related news, Director Kevan Stuart Gorrie acquired 500 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of C$74.75 per share, with a total value of C$37,375.00. Also, Director Sheila A. Murray acquired 1,850 shares of the company’s stock in a transaction on Friday, March 1st. The shares were bought at an average cost of C$72.78 per share, with a total value 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.