Granite Real Estate Investment Trust (TSE:GRT – Free Report) – Research analysts at Desjardins lowered their FY2025 earnings per share (EPS) estimates for shares of Granite Real Estate Investment Trust in a note issued to investors on Monday, May 13th. Desjardins analyst K. Stanley now expects that the real estate investment trust will earn $5.77 per share for the year, down from their previous forecast of $5.82.
Granite Real Estate Investment Trust (TSE:GRT – Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported C$0.49 EPS for the quarter, missing analysts’ consensus estimates 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 Price Performance
Granite Real Estate Investment Trust has a one year low of C$30.78 and a one year high of C$38.97.
Insider Activity at Granite Real Estate Investment Trust
In other news, Director Kevan Stuart Gorrie bought 500 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of C$70.65 per share, with a total value of C$35,325.00. In other news, Director Kevan Stuart Gorrie bought 500 shares of Granite Real Estate Investment Trust stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average cost of C$70.65 per share, with a total value of C$35,325.00. Also, Director Sheila A. Murray purchased 1,850 shares of the stock in a transaction on Friday, March 1st. The stock was acquired at an average cost of C$72.78 per share, for a total transaction of C$134,643.00. Over the last 90 days, insiders purchased 2,850 shares of company stock worth $207,343.
Granite Real Estate Investment Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.275 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Monday, April 29th.
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.
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