Granite Real Estate Inc. Staple (NYSE:GRP.U – Free Report) – 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 anticipates 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 cut 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 Price Performance
Shares of NYSE:GRP.U opened at $50.61 on Friday. The stock has a market cap of $3.20 billion, a PE ratio of 31.83 and a beta of 1.11. The company’s fifty day moving average is $54.59 and its 200 day moving average is $53.88. Granite Real Estate Inc. Staple has a 52 week low of $45.35 and a 52 week high of $62.55. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.53.
Granite Real Estate Inc. Staple Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.203 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Monday, April 29th. Granite Real Estate Inc. Staple’s payout ratio 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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