Granite Real Estate Investment Trust (TSE:GRT) to Post Q4 2024 Earnings of $1.43 Per Share, Raymond James Forecasts

Granite Real Estate Investment Trust (TSE:GRT) – Equities research analysts at Raymond James raised their Q4 2024 earnings per share (EPS) estimates for shares of Granite Real Estate Investment Trust in a report released on Wednesday, April 24th. Raymond James analyst B. Sturges now expects that the real estate investment trust will post earnings of $1.43 per share for the quarter, up from their previous forecast of $1.42.

Granite Real Estate Investment Trust Stock 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 (TSE:GRT) last announced its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported C$0.49 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 company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders 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 dividend yield of ∞. The ex-dividend date of this dividend is Monday, April 29th.

Insider Buying and Selling

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

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.