Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Research analysts at Desjardins issued their Q1 2025 earnings per share estimates for shares of Granite Real Estate Inc. Staple in a research report issued to clients and investors on Sunday, March 2nd. Desjardins analyst K. Stanley expects that the company will post earnings per share of $0.98 for the quarter. The consensus estimate for Granite Real Estate Inc. Staple's current full-year earnings is $3.81 per share. Desjardins also issued estimates for Granite Real Estate Inc. Staple's Q2 2025 earnings at $0.99 EPS, Q3 2025 earnings at $1.02 EPS, Q4 2025 earnings at $1.06 EPS, FY2025 earnings at $4.04 EPS and FY2026 earnings at $4.35 EPS.
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 Thursday, January 16th.
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Granite Real Estate Inc. Staple Stock Performance
NYSE GRP.U traded up $0.06 on Tuesday, hitting $47.47. 3,080 shares of the company's stock were exchanged, compared to its average volume of 14,479. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The firm's 50-day moving average price is $47.96 and its two-hundred day moving average price is $52.68. The firm has a market cap of $2.98 billion and a price-to-earnings ratio of 13.26. Granite Real Estate Inc. Staple has a fifty-two week low of $45.45 and a fifty-two week high of $65.63.
Granite Real Estate Inc. Staple Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.1997 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.05%. This is a boost from Granite Real Estate Inc. Staple's previous monthly dividend of $0.20. The ex-dividend date of this dividend is Friday, February 28th. Granite Real Estate Inc. Staple's payout ratio is 32.85%.
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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