Analysts Set Expectations for Granite Real Estate Investment Trust’s Q1 2024 Earnings (TSE:GRT)

Granite Real Estate Investment Trust (TSE:GRT) – Analysts at National Bank Financial issued their Q1 2024 earnings estimates for Granite Real Estate Investment Trust in a note issued to investors on Tuesday, April 23rd. National Bank Financial analyst M. Kornack forecasts that the real estate investment trust will earn $1.29 per share for the quarter. National Bank Financial also issued estimates for Granite Real Estate Investment Trust’s FY2024 earnings at $5.38 EPS.

Granite Real Estate Investment Trust (TSE:GRT) last posted its earnings results on Wednesday, February 28th. The real estate investment trust reported C$0.49 EPS for the quarter, missing analysts’ consensus estimates of C$1.25 by C($0.76). The business had revenue of C$129.80 million for the quarter.

Granite Real Estate Investment Trust Stock Performance

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

Granite Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.275 per share. The ex-dividend date 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 related news, Director Kevan Stuart Gorrie purchased 500 shares of Granite Real Estate Investment Trust stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of C$74.75 per share, with a total value of C$37,375.00. In other news, Director Sheila A. Murray acquired 1,850 shares of Granite Real Estate Investment Trust stock in a transaction that occurred on Friday, March 1st. The stock was purchased at an average price of C$72.78 per share, for a total transaction of C$134,643.00. Also, Director Kevan Stuart Gorrie bought 500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of C$74.75 per share, with a total value of C$37,375.00.

About Granite Real Estate Investment Trust

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.