Q3 EPS Forecast for Granite Real Estate Lifted by Analyst

Key Points

• Raymond James Financial raised its Q3 2025 earnings per share (EPS) estimate for Granite Real Estate from $1.04 to $1.10.
• Granite Real Estate's annual dividend is set at $0.206, reflecting a yield of 4.4% with a dividend payout ratio of 10.36%.
• Wall Street Zen downgraded Granite Real Estate's rating from "strong-buy" to "buy" on May 9th.

Granite Real Estate Inc. (NYSE:GRP.U - Free Report) - Raymond James Financial upped their Q3 2025 EPS estimates for shares of Granite Real Estate in a research note issued on Thursday, August 7th. Raymond James Financial analyst B. Sturges now expects that the company will earn $1.10 per share for the quarter, up from their prior estimate of $1.04. 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 FY2025 earnings at $4.29 EPS, Q4 2026 earnings at $1.19 EPS, Q1 2027 earnings at $1.21 EPS, Q2 2027 earnings at $1.23 EPS and FY2027 earnings at $4.93 EPS.

Separately, Wall Street Zen downgraded 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

NYSE GRP.U opened at $55.66 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. Granite Real Estate has a 1 year low of $38.37 and a 1 year high of $65.63. The company has a market cap of $3.41 billion and a PE ratio of 14.42. The stock's 50-day moving average price is $52.25 and its two-hundred day moving average price is $48.62.

Granite Real Estate Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a $0.206 dividend. The ex-dividend date is Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.4%. Granite Real Estate's dividend payout ratio (DPR) is presently 10.36%.

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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