Desjardins Research Analysts Raise Earnings Estimates for Granite Real Estate (GRT)

Granite Real Estate (TSE:GRT) – Research analysts at Desjardins increased their FY2018 EPS estimates for Granite Real Estate in a report released on Tuesday, February 19th. Desjardins analyst M. Markidis now expects that the real estate investment trust will post earnings of $3.40 per share for the year, up from their previous estimate of $3.39. Desjardins also issued estimates for Granite Real Estate’s Q4 2018 earnings at $0.82 EPS and FY2019 earnings at $3.56 EPS.

Separately, Echelon Wealth Partners reissued a “buy” rating on shares of Granite Real Estate in a research note on Friday, January 25th.

Granite Real Estate has a one year low of C$30.78 and a one year high of C$38.97.

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be paid a dividend of $0.233 per share. This represents a $2.80 annualized dividend and a dividend yield of ∞. The ex-dividend date is Wednesday, February 27th.

About Granite Real Estate

Granite Real Estate Investment Trust is a real estate investment trust (REIT). It is engaged principally in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties in North America and Europe leased primarily to Magna International Inc and its automotive operating units.

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