Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Equities researchers at Raymond James raised their Q1 2025 earnings estimates for Granite Real Estate Inc. Staple in a research note issued on Wednesday, April 23rd. Raymond James analyst B. Sturges now expects that the company will post earnings per share of $1.02 for the quarter, up from their prior forecast of $0.99. 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 Q3 2025 earnings at $1.04 EPS, Q4 2025 earnings at $1.09 EPS, Q1 2026 earnings at $1.12 EPS, Q2 2026 earnings at $1.14 EPS, Q3 2026 earnings at $1.17 EPS, Q4 2026 earnings at $1.16 EPS and FY2026 earnings at $4.63 EPS.
Separately, StockNews.com raised Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a research report on Thursday, January 16th.
Read Our Latest Research Report on GRP.U
Granite Real Estate Inc. Staple Stock Down 0.1 %
Granite Real Estate Inc. Staple stock traded down $0.04 during mid-day trading on Thursday, reaching $45.59. The company's stock had a trading volume of 734 shares, compared to its average volume of 14,277. The business's 50 day simple moving average is $45.67 and its 200 day simple moving average is $49.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. 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 market capitalization of $2.84 billion and a price-to-earnings ratio of 12.73.
Granite Real Estate Inc. Staple Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.2042 dividend. This is a boost from Granite Real Estate Inc. Staple's previous monthly dividend of $0.20. This represents a $2.45 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Wednesday, April 30th. Granite Real Estate Inc. Staple's dividend payout ratio is currently 28.06%.
Granite Real Estate Inc. Staple Company Profile
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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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