Granite Real Estate (GRT) Given “Hold” Rating at Desjardins

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Granite Real Estate (TSE:GRT)‘s stock had its “hold” rating reiterated by investment analysts at Desjardins in a report released on Tuesday, Zacks.com reports. Desjardins also issued estimates for Granite Real Estate’s Q1 2019 earnings at $0.86 EPS, Q2 2019 earnings at $0.89 EPS, Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $0.95 EPS, FY2019 earnings at $3.59 EPS and FY2020 earnings at $3.78 EPS.

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

Granite Real Estate has a 12 month low of C$30.78 and a 12 month high of C$38.97.

Granite Real Estate (TSE:GRT) last announced its quarterly earnings results on Wednesday, March 6th. The real estate investment trust reported C$1.88 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.84 by C$1.04. The firm had revenue of C$59.90 million during the quarter.

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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