FY2020 EPS Estimates for Granite Real Estate (GRT) Lifted by Analyst

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Granite Real Estate (TSE:GRT) – Analysts at Desjardins raised their FY2020 EPS estimates for shares of Granite Real Estate in a research report issued to clients and investors on Tuesday, February 19th. Desjardins analyst M. Markidis now forecasts that the real estate investment trust will post earnings of $3.80 per share for the year, up from their prior estimate of $3.65.

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

Granite Real Estate has a 52 week low of C$30.78 and a 52 week high of C$38.97.

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

Granite Real Estate Company Profile

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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