Granite Real Estate Inc. Staple (GRP.U) Set to Announce Earnings on Wednesday

Granite Real Estate Inc. Staple (NYSE:GRP.U) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.93 per share for the quarter.

Granite Real Estate Inc. Staple Trading Up 0.9 %

NYSE:GRP.U opened at $51.30 on Tuesday. The firm has a market capitalization of $3.25 billion, a P/E ratio of 32.26 and a beta of 1.15. The business has a 50 day simple moving average of $54.07 and a 200 day simple moving average of $53.85. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.41 and a quick ratio of 0.41. Granite Real Estate Inc. Staple has a 12-month low of $45.35 and a 12-month high of $62.55.

Granite Real Estate Inc. Staple Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.203 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.44 annualized dividend and a yield of 4.75%. Granite Real Estate Inc. Staple’s dividend payout ratio is presently 153.46%.

Wall Street Analysts Forecast Growth

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

About Granite Real Estate Inc. Staple

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.