Granite Real Estate Investment Trust to Post Q3 2024 Earnings of $1.35 Per Share, Desjardins Forecasts (TSE:GRT)

Granite Real Estate Investment Trust (TSE:GRT) – Desjardins reduced their Q3 2024 earnings estimates for shares of Granite Real Estate Investment Trust in a research report issued to clients and investors on Sunday, August 11th. Desjardins analyst K. Stanley now forecasts that the real estate investment trust will earn $1.35 per share for the quarter, down from their prior estimate of $1.37. Desjardins also issued estimates for Granite Real Estate Investment Trust’s Q4 2024 earnings at $1.38 EPS, FY2024 earnings at $5.35 EPS, FY2025 earnings at $5.67 EPS and FY2026 earnings at $6.18 EPS.

Granite Real Estate Investment Trust Stock Performance

Granite Real Estate Investment Trust has a 12 month low of C$30.78 and a 12 month high of C$38.97.

Insiders Place Their Bets

In other Granite Real Estate Investment Trust news, Director Al Mawani acquired 1,000 shares of the stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of C$67.26 per share, with a total value of C$67,256.00. In related news, Director Al Mawani bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average price of C$67.26 per share, for a total transaction of C$67,256.00. Also, Senior Officer Lorne Kumer bought 375 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average cost of C$67.49 per share, for a total transaction of C$25,308.75. In the last ninety days, insiders acquired 2,325 shares of company stock worth $155,859.

Granite Real Estate Investment Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, July 31st. This represents a $3.30 dividend on an annualized basis 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.