Granite Real Estate Inc. (NYSE:GRP.U – Free Report) – Equities researchers at National Bank Financial issued their Q2 2025 earnings estimates for shares of Granite Real Estate in a research report issued on Monday, July 14th. National Bank Financial analyst M. Kornack forecasts that the company will earn $1.06 per share for the quarter. The consensus estimate for Granite Real Estate’s current full-year earnings is $3.81 per share. National Bank Financial also issued estimates for Granite Real Estate’s FY2025 earnings at $4.30 EPS and FY2026 earnings at $4.61 EPS.
Separately, Wall Street Zen downgraded Granite Real Estate from a “strong-buy” rating to a “buy” rating in a report on Friday, May 9th.
Granite Real Estate Price Performance
Shares of NYSE:GRP.U opened at $52.54 on Wednesday. Granite Real Estate has a 1 year low of $38.37 and a 1 year high of $65.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 1.25. The company’s 50 day simple moving average is $50.43 and its 200 day simple moving average is $47.96.
Granite Real Estate Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.2084 dividend. The ex-dividend date of this dividend was Monday, June 30th. This is a positive change from Granite Real Estate’s previous monthly dividend of $0.20. This represents a $2.50 annualized dividend and a yield of 4.76%. Granite Real Estate’s dividend payout ratio (DPR) is 16.57%.
About Granite Real Estate
Granite Real Estate Investment Trust is engaged in the ownership and management of predominantly industrial properties in Canada, the United States, Mexico and Europe. The Company owns and manages rental income properties. Its services include sourcing and real estate acquisition, site development, assisting with government approvals and re-zoning to specific uses, build-to-suit construction, property renovation, project management and long-term leasing.
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