FY2025 Earnings Estimate for GRP.U Issued By Raymond James

Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Stock analysts at Raymond James lifted their FY2025 earnings per share (EPS) estimates for shares of Granite Real Estate Inc. Staple in a research note issued on Thursday, May 8th. Raymond James analyst B. Sturges now expects that the company will post earnings per share of $4.18 for the year, up from their previous forecast of $4.17. 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 Q1 2026 earnings at $1.13 EPS and Q2 2026 earnings at $1.15 EPS.

Separately, StockNews.com downgraded Granite Real Estate Inc. Staple from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 9th.

Granite Real Estate Inc. Staple Stock Down 1.2%

GRP.U stock traded down $0.56 during mid-day trading on Monday, reaching $47.46. The company had a trading volume of 9,260 shares, compared to its average volume of 13,776. The company has a market capitalization of $2.96 billion and a price-to-earnings ratio of 13.26. Granite Real Estate Inc. Staple has a 52 week low of $38.37 and a 52 week high of $65.63. The stock has a 50 day simple moving average of $45.42 and a two-hundred day simple moving average of $48.48. 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 business also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.2042 per share. The ex-dividend date is Wednesday, April 30th. This is a positive change from Granite Real Estate Inc. Staple's previous monthly dividend of $0.20. This represents a $2.45 annualized dividend and a dividend yield of 5.16%. Granite Real Estate Inc. Staple's payout ratio is 27.07%.

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.