Raymond James Issues Optimistic Outlook for GRP.U Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Research analysts at Raymond James boosted their Q2 2025 earnings per share (EPS) estimates for Granite Real Estate Inc. Staple in a report issued on Wednesday, April 23rd. Raymond James analyst B. Sturges now anticipates that the company will post earnings per share of $0.99 for the quarter, up from their previous estimate of $0.97. 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 $4.17 EPS.

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

Granite Real Estate Inc. Staple Stock Performance

NYSE GRP.U traded up $0.03 during trading hours on Friday, hitting $45.98. The company's stock had a trading volume of 746 shares, compared to its average volume of 13,823. The company's 50 day simple moving average is $45.63 and its two-hundred day simple moving average is $49.19. The company has a market cap of $2.86 billion and a P/E ratio of 12.84. Granite Real Estate Inc. Staple has a 12 month low of $38.37 and a 12 month high of $65.63. 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 Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.2042 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.45 dividend on an annualized basis and a yield of 5.33%. This is a boost from Granite Real Estate Inc. Staple's previous monthly dividend of $0.20. Granite Real Estate Inc. Staple's payout ratio is currently 28.06%.

About Granite Real Estate Inc. Staple

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.