Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Investment analysts at Raymond James decreased their Q3 2024 earnings estimates for Granite Real Estate Inc. Staple in a report issued on Wednesday, October 23rd. Raymond James analyst B. Sturges now expects that the company will earn $0.96 per share for the quarter, down from their prior estimate of $0.97. The consensus estimate for Granite Real Estate Inc. Staple's current full-year earnings is $3.90 per share. Raymond James also issued estimates for Granite Real Estate Inc. Staple's Q4 2024 earnings at $0.97 EPS, FY2024 earnings at $3.82 EPS, Q1 2025 earnings at $0.99 EPS, Q2 2025 earnings at $1.04 EPS, Q3 2025 earnings at $1.07 EPS, FY2025 earnings at $4.18 EPS, Q2 2026 earnings at $1.13 EPS, Q3 2026 earnings at $1.12 EPS and FY2026 earnings at $4.50 EPS.
Granite Real Estate Inc. Staple Stock Up 14.0 %
GRP.U stock traded up $7.04 during trading on Friday, hitting $57.49. 409 shares of the company's stock were exchanged, compared to its average volume of 14,620. The business has a 50-day moving average price of $57.43 and a two-hundred day moving average price of $53.44. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 20.04 and a beta of 1.21. Granite Real Estate Inc. Staple has a 52-week low of $45.35 and a 52-week high of $65.63.
Granite Real Estate Inc. Staple Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.1994 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.39 dividend on an annualized basis and a dividend yield of 4.16%. Granite Real Estate Inc. Staple's payout ratio is 91.39%.
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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