Granite Real Estate (NASDAQ:GRP.U) (TSE:GRT.UN) – Equities research analysts at Desjardins cut their FY2017 EPS estimates for Granite Real Estate in a research report issued to clients and investors on Wednesday. Desjardins analyst M. Markidis now forecasts that the company will post earnings of $2.61 per share for the year, down from their prior estimate of $2.70. Desjardins also issued estimates for Granite Real Estate’s FY2018 earnings at $2.74 EPS and FY2019 earnings at $2.78 EPS.
Separately, Zacks Investment Research raised shares of Granite Real Estate from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th.
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The firm also recently announced a dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a $0.173 dividend. The ex-dividend date is Monday, October 30th.
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