Granite Real Estate Inc. Staple (NYSE:GRP.U – Free Report) – Equities research analysts at National Bank Financial issued their Q1 2024 EPS estimates for shares of Granite Real Estate Inc. Staple in a research report issued to clients and investors on Tuesday, April 23rd. National Bank Financial analyst M. Kornack forecasts that the company will post earnings per share of $0.94 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.
Granite Real Estate Inc. Staple Stock Performance
GRP.U opened at $50.61 on Friday. Granite Real Estate Inc. Staple has a 12-month low of $45.35 and a 12-month high of $62.55. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $3.20 billion, a PE ratio of 31.83 and a beta of 1.11. The firm has a 50 day moving average of $54.59 and a two-hundred day moving average of $53.88.
Granite Real Estate Inc. Staple Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.203 per share. This represents a $2.44 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Monday, April 29th. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is 152.83%.
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.
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