Q1 EPS Forecast for Granite Real Estate Lowered by Analyst

Key Points

• Raymond James Financial has lowered its Q1 2026 earnings estimate for Granite Real Estate to $1.10 per share, down from $1.13.
• Granite Real Estate recently increased its monthly dividend to $0.206 per share, reflecting a 4.3% yield.
• The company's stock opened at $57.25, showing a 4.5% increase on the trading day following the earnings forecast adjustment.

Granite Real Estate Inc. (NYSE:GRP.U - Free Report) - Stock analysts at Raymond James Financial dropped their Q1 2026 earnings estimates for shares of Granite Real Estate in a note issued to investors on Thursday, October 16th. Raymond James Financial analyst B. Sturges now anticipates that the company will post earnings of $1.10 per share for the quarter, down from their prior forecast of $1.13. 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 Q2 2026 earnings at $1.12 EPS, Q3 2026 earnings at $1.15 EPS, FY2026 earnings at $4.53 EPS, Q1 2027 earnings at $1.18 EPS, Q2 2027 earnings at $1.19 EPS, Q3 2027 earnings at $1.20 EPS and FY2027 earnings at $4.79 EPS.

Granite Real Estate Stock Up 4.5%

NYSE GRP.U opened at $57.25 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00. The company's 50 day simple moving average is $56.22 and its 200 day simple moving average is $51.66. Granite Real Estate has a 12 month low of $38.37 and a 12 month high of $59.51. The company has a market capitalization of $3.47 billion and a P/E ratio of 14.83.

Granite Real Estate Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th were given a $0.206 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. This is an increase from Granite Real Estate's previous monthly dividend of $0.20. The ex-dividend date of this dividend was Monday, September 29th.

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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