Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Investment analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for shares of Granite Real Estate Inc. Staple in a research note issued on Tuesday, April 23rd. National Bank Financial analyst M. Kornack anticipates that the company will post earnings of $0.94 per share for the quarter. The consensus estimate for Granite Real Estate Inc. Staple's current full-year earnings is $3.95 per share.
Separately, StockNews.com lowered Granite Real Estate Inc. Staple from a "buy" rating to a "hold" rating in a research report on Friday, March 1st.
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Granite Real Estate Inc. Staple Stock Up 0.6 %
NYSE GRP.U traded up $0.30 on Friday, reaching $50.61. The company had a trading volume of 209 shares, compared to its average volume of 12,103. The firm has a market capitalization of $3.20 billion, a PE ratio of 31.83 and a beta of 1.11. Granite Real Estate Inc. Staple has a 1 year low of $45.35 and a 1 year high of $62.55. The firm has a 50-day moving average of $54.59 and a 200-day moving average of $53.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.41 and a quick ratio of 0.41.
Granite Real Estate Inc. Staple Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.203 dividend. This represents a $2.44 annualized dividend and a yield of 4.81%. The ex-dividend date is Monday, April 29th. Granite Real Estate Inc. Staple's dividend payout ratio is presently 152.83%.
About Granite Real Estate Inc. Staple
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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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