Granite Real Estate (GRP.U) Forecasted to Post FY2016 Earnings of $2.67 Per Share
Granite Real Estate (NASDAQ:GRP.U) – Analysts at Desjardins boosted their FY2016 earnings per share (EPS) estimates for shares of Granite Real Estate in a research report issued on Sunday. Desjardins analyst M. Markidis now forecasts that the firm will post earnings of $2.67 per share for the year, up from their previous estimate of $2.64. Desjardins also issued estimates for Granite Real Estate’s Q4 2016 earnings at $0.68 EPS, FY2017 earnings at $2.61 EPS and FY2018 earnings at $2.64 EPS.
Other research analysts also recently issued research reports about the company. RBC Capital Markets raised Granite Real Estate from a “sector perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research note on Wednesday, July 27th. Royal Bank Of Canada upgraded Granite Real Estate from a “sector perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research report on Wednesday, July 27th. Finally, Zacks Investment Research upgraded Granite Real Estate from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th.
The firm also recently announced a dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, October 27th.
Receive News & Stock Ratings for Granite Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Real Estate and related stocks with our FREE daily email newsletter.