Raymond James Has Bullish Estimate for GRP.U Q4 Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Equities research analysts at Raymond James lifted their Q4 2025 earnings per share (EPS) estimates for shares of Granite Real Estate Inc. Staple in a research report issued on Wednesday, October 23rd. Raymond James analyst B. Sturges now expects that the company will earn $1.08 per share for the quarter, up from their prior estimate of $1.07. The consensus estimate for Granite Real Estate Inc. Staple's current full-year earnings is $3.90 per share.

Separately, StockNews.com raised Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a research report on Friday.

Granite Real Estate Inc. Staple Stock Up 5.3 %

Shares of NYSE GRP.U traded up $2.65 during mid-day trading on Monday, reaching $53.00. 113 shares of the company were exchanged, compared to its average volume of 14,547. Granite Real Estate Inc. Staple has a 1 year low of $45.35 and a 1 year high of $65.63. The firm has a 50-day moving average of $57.54 and a 200 day moving average of $53.39. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 21.03 and a beta of 1.21. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.52.

Granite Real Estate Inc. Staple Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.1994 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.39 dividend on an annualized basis and a dividend yield of 4.51%. Granite Real Estate Inc. Staple's payout ratio is 96.83%.

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.