GRP.U FY2025 EPS Forecast Cut by National Bank Financial

Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Research analysts at National Bank Financial decreased their FY2025 earnings per share estimates for shares of Granite Real Estate Inc. Staple in a report issued on Thursday, February 27th. National Bank Financial analyst M. Kornack now forecasts that the company will post earnings per share of $4.09 for the year, down from their previous forecast of $4.11. The consensus estimate for Granite Real Estate Inc. Staple's current full-year earnings is $3.81 per share. National Bank Financial also issued estimates for Granite Real Estate Inc. Staple's FY2026 earnings at $4.40 EPS.

Separately, StockNews.com raised shares of Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a research report on Thursday, January 16th.

Granite Real Estate Inc. Staple Stock Performance

GRP.U traded down $0.54 during trading on Monday, hitting $47.59. 1,575 shares of the company traded hands, compared to its average volume of 14,746. Granite Real Estate Inc. Staple has a one year low of $45.45 and a one year high of $65.63. The stock's fifty day moving average is $47.96 and its 200 day moving average is $52.68. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2.99 billion and a P/E ratio of 13.29.

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Granite Real Estate Inc. Staple Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.1997 per share. The ex-dividend date is Friday, February 28th. This is an increase from Granite Real Estate Inc. Staple's previous monthly dividend of $0.20. This represents a $2.40 annualized dividend and a yield of 5.04%. Granite Real Estate Inc. Staple's dividend payout ratio is 32.85%.

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.