Equities Analysts Offer Predictions for GRP.U Q2 Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Raymond James reduced their Q2 2025 earnings estimates for Granite Real Estate Inc. Staple in a research note issued on Monday, January 13th. Raymond James analyst B. Sturges now expects that the company will earn $1.00 per share for the quarter, down from their previous forecast of $1.04. The consensus estimate for Granite Real Estate Inc. Staple's current full-year earnings is $3.88 per share.

Separately, StockNews.com downgraded Granite Real Estate Inc. Staple from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 8th.

Granite Real Estate Inc. Staple Price Performance

NYSE GRP.U traded up $0.71 during trading on Wednesday, hitting $48.27. 16,176 shares of the company's stock were exchanged, compared to its average volume of 8,086. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market cap of $3.03 billion and a PE ratio of 13.48. Granite Real Estate Inc. Staple has a fifty-two week low of $46.75 and a fifty-two week high of $65.63. The stock's 50 day moving average price is $51.22 and its two-hundred day moving average price is $53.86.

Granite Real Estate Inc. Staple Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.1979 per share. This is a positive change from Granite Real Estate Inc. Staple's previous monthly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.38 annualized dividend and a yield of 4.92%. Granite Real Estate Inc. Staple's dividend payout ratio (DPR) is presently 49.44%.

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.