GRP.U FY2025 EPS Forecast Boosted by Raymond James Financial

Granite Real Estate Inc. (NYSE:GRP.U - Free Report) - Research analysts at Raymond James Financial upped their FY2025 earnings estimates for Granite Real Estate in a report released on Thursday, July 17th. Raymond James Financial analyst B. Sturges now forecasts that the company will earn $4.28 per share for the year, up from their prior estimate of $4.18. The consensus estimate for Granite Real Estate's current full-year earnings is $3.81 per share. Raymond James Financial also issued estimates for Granite Real Estate's Q4 2025 earnings at $1.12 EPS, Q1 2026 earnings at $1.15 EPS, Q2 2026 earnings at $1.18 EPS and FY2026 earnings at $4.75 EPS.

Separately, Wall Street Zen downgraded shares of Granite Real Estate from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 9th.

Granite Real Estate Price Performance

GRP.U traded down $0.90 during midday trading on Friday, hitting $52.10. 1,055 shares of the company traded hands, compared to its average volume of 11,555. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $3.20 billion and a price-to-earnings ratio of 14.39. Granite Real Estate has a 52-week low of $38.37 and a 52-week high of $65.63. The business has a 50 day simple moving average of $50.55 and a two-hundred day simple moving average of $47.99.

Granite Real Estate Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.2084 per share. The ex-dividend date was Monday, June 30th. This is a boost from Granite Real Estate's previous monthly dividend of $0.20. This represents a $2.50 dividend on an annualized basis and a dividend yield of 4.80%. Granite Real Estate's dividend payout ratio (DPR) is currently 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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