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

Granite Real Estate Inc. Staple (NYSE:GRP.U) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Granite Real Estate Inc. Staple to post earnings of $0.93 per share for the quarter.

Granite Real Estate Inc. Staple Stock Down 3.4 %

GRP.U stock opened at $49.67 on Wednesday. Granite Real Estate Inc. Staple has a twelve month low of $45.35 and a twelve 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 company has a market capitalization of $3.14 billion, a P/E ratio of 31.24 and a beta of 1.11. The firm has a 50 day simple moving average of $54.41 and a 200-day simple moving average of $53.87.

Granite Real Estate Inc. Staple Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.203 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend is Monday, April 29th. Granite Real Estate Inc. Staple’s payout ratio is currently 152.83%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of 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.