Granite Real Estate Inc. (NYSE:GRP.U – Free Report) – Equities research analysts at National Bank Financial issued their Q2 2025 earnings estimates for shares of Granite Real Estate in a note issued to investors on Monday, July 14th. National Bank Financial analyst M. Kornack expects that the company will post earnings of $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 lowered Granite Real Estate from a “strong-buy” rating to a “buy” rating in a report on Friday, May 9th.
Granite Real Estate Stock Down 0.4%
Shares of GRP.U stock opened at $52.54 on Wednesday. The stock has a 50-day moving average of $50.43 and a 200-day moving average of $47.96. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.54. Granite Real Estate has a one year low of $38.37 and a one year high of $65.63.
Granite Real Estate Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.2084 dividend. The ex-dividend date was Monday, June 30th. This is an increase 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 4.76%. 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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