Desjardins Comments on Granite Real Estate Investment Trust’s Q2 2024 Earnings (TSE:GRT)

Granite Real Estate Investment Trust (TSE:GRTFree Report) – Stock analysts at Desjardins raised their Q2 2024 earnings per share estimates for Granite Real Estate Investment Trust in a research report issued to clients and investors on Monday, May 13th. Desjardins analyst K. Stanley now anticipates that the real estate investment trust will post earnings per share of $1.33 for the quarter, up from their previous estimate of $1.30. Desjardins also issued estimates for Granite Real Estate Investment Trust’s Q3 2024 earnings at $1.37 EPS, Q4 2024 earnings at $1.40 EPS and FY2024 earnings at $5.39 EPS.

Granite Real Estate Investment Trust (TSE:GRTGet Free Report) last released its 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 for the quarter.

Granite Real Estate Investment Trust Stock Performance

Granite Real Estate Investment Trust has a 1-year low of C$30.78 and a 1-year high of C$38.97.

Granite Real Estate Investment Trust Dividend Announcement

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

Insider Activity

In other Granite Real Estate Investment Trust news, Director Kevan Stuart Gorrie bought 500 shares of Granite Real Estate Investment Trust stock in a transaction dated Tuesday, March 5th. The shares were purchased 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 Kevan Stuart Gorrie bought 500 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price 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 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, with a total value of C$134,643.00. In the last ninety days, insiders bought 2,850 shares of company stock worth $207,343.

Granite Real Estate Investment Trust Company Profile

(Get Free Report)

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.

Featured Stories

Earnings History and Estimates for Granite Real Estate Investment Trust (TSE:GRT)

Receive News & Ratings for Granite Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.