Granite Real Estate Inc. Staple (NYSE:GRP.U) Expected to Earn Q1 2024 Earnings of $0.94 Per Share

Granite Real Estate Inc. Staple (NYSE:GRP.UFree Report) – Equities researchers at National Bank Financial issued their Q1 2024 EPS estimates for Granite Real Estate Inc. Staple in a research note issued on Tuesday, April 23rd. National Bank Financial analyst M. Kornack anticipates that the company will earn $0.94 per share for the quarter. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.95 per share.

Separately, StockNews.com lowered shares of Granite Real Estate Inc. Staple from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

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Granite Real Estate Inc. Staple Price Performance

GRP.U opened at $50.61 on Friday. The firm has a market cap of $3.20 billion, a P/E ratio of 31.83 and a beta of 1.11. The firm has a 50-day moving average of $54.59 and a 200 day moving average of $53.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.41 and a current ratio of 0.41. Granite Real Estate Inc. Staple has a fifty-two week low of $45.35 and a fifty-two week high of $62.55.

Granite Real Estate Inc. Staple Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.203 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Monday, April 29th. Granite Real Estate Inc. Staple’s dividend payout ratio is currently 153.46%.

About Granite Real Estate Inc. Staple

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Granite Real Estate Investment Trust is engaged in the ownership and management of predominantly industrial properties in Canada, the United States, Mexico and Europe. The Company owns and manages rental income properties. Its services include sourcing and real estate acquisition, site development, assisting with government approvals and re-zoning to specific uses, build-to-suit construction, property renovation, project management and long-term leasing.

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Earnings History and Estimates for Granite Real Estate Inc. Staple (NYSE:GRP.U)

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