Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.98 per share for the quarter.
Granite Real Estate Inc. Staple Stock Up 5.6 %
GRP.U stock traded up $2.97 during trading on Wednesday, reaching $56.47. 5,135 shares of the company traded hands, compared to its average volume of 14,442. The business has a 50 day simple moving average of $57.56 and a 200 day simple moving average of $53.40. Granite Real Estate Inc. Staple has a 12 month low of $45.40 and a 12 month high of $65.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 20.22 and a beta of 1.21.
Granite Real Estate Inc. Staple Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.1994 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.39 dividend on an annualized basis and a yield of 4.24%. Granite Real Estate Inc. Staple's payout ratio is 91.39%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a research note on Friday, October 25th.
Get Our Latest Stock Report on Granite Real Estate Inc. Staple
About Granite Real Estate Inc. Staple
(
Get Free Report)
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.
Featured Articles
Before you consider Granite Real Estate Inc. Staple, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Granite Real Estate Inc. Staple wasn't on the list.
While Granite Real Estate Inc. Staple currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
