Granite Real Estate Investment Trust (GRT) Scheduled to Post Quarterly Earnings on Wednesday

Granite Real Estate Investment Trust (TSE:GRT) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$1.25 per share for the quarter.

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

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

Insiders Place Their Bets

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

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.