Granite Real Estate Inc. Staple (NYSE:GRP.U – Free Report) – Stock analysts at Raymond James decreased their Q2 2025 earnings per share (EPS) estimates for shares of Granite Real Estate Inc. Staple in a note issued to investors on Monday, January 13th. Raymond James analyst B. Sturges now forecasts that the company will post earnings per share of $1.00 for the quarter, down from their prior forecast of $1.04. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.88 per share.
Separately, StockNews.com downgraded shares of Granite Real Estate Inc. Staple from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th.
Granite Real Estate Inc. Staple Price Performance
Shares of NYSE GRP.U opened at $47.56 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $2.98 billion and a price-to-earnings ratio of 13.28. Granite Real Estate Inc. Staple has a twelve month low of $46.75 and a twelve month high of $65.63. The business has a 50 day simple moving average of $51.22 and a 200-day simple moving average of $53.86.
Granite Real Estate Inc. Staple Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.1979 per share. This is a positive change from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. The ex-dividend date is Tuesday, December 31st. This represents a $2.38 annualized dividend and a yield of 4.99%. Granite Real Estate Inc. Staple’s dividend payout ratio is 49.44%.
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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