Granite Real Estate’s (GRP.U) “Hold” Rating Reiterated at Desjardins

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Granite Real Estate (NASDAQ:GRP.U)‘s stock had its “hold” rating reaffirmed by equities researchers at Desjardins in a report released on Tuesday, Zacks.com reports. Desjardins also issued estimates for Granite Real Estate’s Q1 2019 earnings at $0.65 EPS, Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $0.67 EPS, Q4 2019 earnings at $0.71 EPS, FY2019 earnings at $2.69 EPS and FY2020 earnings at $2.84 EPS.

Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Granite Real Estate from a “buy” rating to a “hold” rating in a research report on Thursday. Echelon Wealth Partners reiterated a “buy” rating on shares of Granite Real Estate in a research report on Friday, January 25th.

Granite Real Estate stock opened at $44.80 on Tuesday. Granite Real Estate has a 1 year low of $36.43 and a 1 year high of $49.18.

Granite Real Estate (NASDAQ:GRP.U) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.78. The business had revenue of $45.33 million during the quarter.

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