Raymond James Has Bearish Forecast for GRP.U Q2 Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Stock analysts at Raymond James dropped their Q2 2025 earnings per share (EPS) estimates for Granite Real Estate Inc. Staple in a note issued to investors on Thursday, February 27th. Raymond James analyst B. Sturges now forecasts that the company will post earnings of $0.97 per share for the quarter, down from their prior forecast of $1.00. The consensus estimate for Granite Real Estate Inc. Staple's current full-year earnings is $3.81 per share. Raymond James also issued estimates for Granite Real Estate Inc. Staple's FY2025 earnings at $4.04 EPS.

Separately, StockNews.com raised shares of Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a research report on Thursday, January 16th.

Granite Real Estate Inc. Staple Trading Down 1.1 %

Shares of NYSE:GRP.U traded down $0.54 during mid-day trading on Monday, hitting $47.59. The company had a trading volume of 1,575 shares, compared to its average volume of 14,746. The company has a market capitalization of $2.99 billion and a PE ratio of 13.29. The firm has a fifty day moving average price of $47.96 and a 200 day moving average price of $52.68. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. Granite Real Estate Inc. Staple has a one year low of $45.45 and a one year high of $65.63.

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Granite Real Estate Inc. Staple Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.1997 dividend. This is a boost from Granite Real Estate Inc. Staple's previous monthly dividend of $0.20. The ex-dividend date is Friday, February 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.04%. Granite Real Estate Inc. Staple's dividend payout ratio is 32.85%.

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.