Granite Real Estate Investment Trust Declares Monthly Dividend of $0.30 (TSE:GRT.UN)

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Shareholders of record on Friday, August 14th will be paid a dividend of 0.2958 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, July 31st.

Granite Real Estate Investment Trust Stock Down 1.6%

TSE:GRT.UN opened at C$96.40 on Friday. The company’s 50-day simple moving average is C$96.33 and its 200-day simple moving average is C$91.13. The company has a debt-to-equity ratio of 57.74, a quick ratio of 1.61 and a current ratio of 0.35. Granite Real Estate Investment Trust has a fifty-two week low of C$72.21 and a fifty-two week high of C$101.50. The stock has a market capitalization of C$5.85 billion, a P/E ratio of 14.96 and a beta of 1.47.

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$1.51 EPS for the quarter. Granite Real Estate Investment Trust had a net margin of 42.50% and a return on equity of 4.28%. The firm had revenue of C$165.83 million during the quarter. On average, equities analysts anticipate that Granite Real Estate Investment Trust will post 5.580574 earnings per share for the current fiscal year.

Granite Real Estate Investment Trust Company Profile

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 147 investment properties representing approximately 62.6 million square feet of leasable area.