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

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

Granite Real Estate Investment Trust Stock Performance

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

Granite Real Estate Investment Trust (TSE:GRT) last released its earnings results 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 firm had revenue of C$129.80 million during the quarter.

Granite Real Estate Investment Trust Dividend Announcement

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

Insider Activity

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