Granite Real Estate Investment Trust Expected to Post Q1 2024 Earnings of $1.29 Per Share (TSE:GRT)

Granite Real Estate Investment Trust (TSE:GRT) – Investment analysts at National Bank Financial issued their Q1 2024 earnings estimates for shares of Granite Real Estate Investment Trust in a report released on Tuesday, April 23rd. National Bank Financial analyst M. Kornack anticipates 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 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 quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported C$0.49 earnings per share (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.

Insiders Place Their Bets

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

Granite Real Estate Investment Trust Announces Dividend

The company also recently disclosed 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 ∞.

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.