Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Analysts at Desjardins decreased their FY2025 earnings per share estimates for shares of Granite Real Estate Inc. Staple in a research report issued on Sunday, November 10th. Desjardins analyst K. Stanley now anticipates that the company will post earnings per share of $4.11 for the year, down from their previous forecast of $4.14. The consensus estimate for Granite Real Estate Inc. Staple's current full-year earnings is $3.88 per share. Desjardins also issued estimates for Granite Real Estate Inc. Staple's FY2026 earnings at $4.41 EPS.
Separately, StockNews.com upgraded Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a report on Sunday.
Check Out Our Latest Stock Analysis on Granite Real Estate Inc. Staple
Granite Real Estate Inc. Staple Stock Performance
Granite Real Estate Inc. Staple stock traded up $0.03 on Tuesday, hitting $54.77. The company's stock had a trading volume of 529 shares, compared to its average volume of 14,209. The company has a fifty day moving average price of $57.17 and a 200-day moving average price of $53.58. The company has a quick ratio of 0.37, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. Granite Real Estate Inc. Staple has a one year low of $46.28 and a one year high of $65.63. The firm has a market cap of $3.44 billion, a P/E ratio of 15.29 and a beta of 1.21.
Granite Real Estate Inc. Staple Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.1994 per share. This represents a $2.39 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, October 31st. Granite Real Estate Inc. Staple's dividend payout ratio is presently 68.16%.
About Granite Real Estate Inc. Staple
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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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