Granite Real Estate Inc. Staple (NYSE:GRP.U – Free Report) – Stock analysts at National Bank Financial raised their FY2025 earnings estimates for Granite Real Estate Inc. Staple in a report released on Sunday, April 13th. National Bank Financial analyst M. Kornack now forecasts that the company will earn $4.11 per share for the year, up from their prior estimate of $4.09. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.81 per share.
Separately, StockNews.com upgraded Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 16th.
Granite Real Estate Inc. Staple Trading Up 3.8 %
Shares of GRP.U opened at $45.59 on Wednesday. Granite Real Estate Inc. Staple has a 52-week low of $38.37 and a 52-week high of $65.63. The stock has a market cap of $2.84 billion and a PE ratio of 12.73. The firm’s fifty day moving average is $46.11 and its two-hundred day moving average is $49.98. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57.
Granite Real Estate Inc. Staple Cuts Dividend
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.1981 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.38 dividend on an annualized basis and a dividend yield of 5.21%. Granite Real Estate Inc. Staple’s payout ratio is currently 28.06%.
Granite Real Estate Inc. Staple Company Profile
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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