Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Granite Real Estate Inc. Staple in a note issued to investors on Sunday, December 15th. National Bank Financial analyst M. Kornack now expects that the company will earn $3.81 per share for the year, down from their previous estimate of $3.85. The consensus estimate for Granite Real Estate Inc. Staple's current full-year earnings is $3.88 per share. National Bank Financial also issued estimates for Granite Real Estate Inc. Staple's Q4 2024 earnings at $0.99 EPS, FY2025 earnings at $4.17 EPS and FY2026 earnings at $4.51 EPS.
Separately, StockNews.com upgraded shares of Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a research report on Sunday, November 10th.
Read Our Latest Stock Report on GRP.U
Granite Real Estate Inc. Staple Price Performance
Shares of GRP.U stock traded up $0.16 during trading hours on Tuesday, hitting $50.81. The company had a trading volume of 872 shares, compared to its average volume of 13,644. Granite Real Estate Inc. Staple has a 12 month low of $47.31 and a 12 month high of $65.63. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The firm's fifty day moving average is $53.99 and its 200 day moving average is $53.95. The firm has a market capitalization of $3.19 billion and a price-to-earnings ratio of 14.19.
Granite Real Estate Inc. Staple Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.1957 per share. This represents a $2.35 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Wednesday, November 27th. Granite Real Estate Inc. Staple's dividend payout ratio (DPR) is currently 68.16%.
Granite Real Estate Inc. Staple Company Profile
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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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