Research Analysts Set Expectations for GRP.U FY2025 Earnings

Granite Real Estate Inc. (NYSE:GRP.U - Free Report) - Analysts at Raymond James Financial lifted their FY2025 earnings estimates for shares of Granite Real Estate in a research note issued to investors on Thursday, July 17th. Raymond James Financial analyst B. Sturges now forecasts that the company will post earnings per share of $4.28 for the year, up from their previous 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 cut shares of Granite Real Estate from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th.

Granite Real Estate Price Performance

NYSE:GRP.U traded up $0.41 during trading hours on Friday, hitting $52.70. The stock had a trading volume of 214 shares, compared to its average volume of 11,484. The company has a 50 day simple moving average of $50.67 and a two-hundred day simple moving average of $48.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 1.25. Granite Real Estate has a one year low of $38.37 and a one year high of $65.63. The firm has a market capitalization of $3.23 billion and a price-to-earnings ratio of 14.56.

Granite Real Estate Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a $0.206 dividend. The ex-dividend date is Thursday, July 31st. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.69%. Granite Real Estate's dividend payout ratio is currently 16.57%.

Granite Real Estate Company Profile

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.