NYSE:GRP.U

Granite Real Estate Inc. Staple (GRP.U) Stock Price, News & Analysis

$51.21
+0.59 (+1.17%)
(As of 10:04 AM ET)
Today's Range
$51.21
$51.21
50-Day Range
$50.46
$57.56
52-Week Range
$45.35
$63.99
Volume
185 shs
Average Volume
11,037 shs
Market Capitalization
$3.24 billion
P/E Ratio
32.21
Dividend Yield
4.75%
Price Target
N/A
GRP.U stock logo

About Granite Real Estate Inc. Staple Stock (NYSE:GRP.U)

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. Granite Real Estate Investment Trust, formerly known as Granite Real Estate Inc., is based in Toronto, Canada.

GRP.U Stock Price History

GRP.U Stock News Headlines

Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
Is Engineered Quartz the New Granite?
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
Granite REIT declares CAD 0.275 dividend
Granite Construction Shares Pop 17% After 3Q Results
GRP_u Technical Analysis
See More Headlines
Receive GRP.U Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Granite Real Estate Inc. Staple and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/23/2024
Ex-Dividend for 5/15 Dividend
4/29/2024
Next Earnings (Confirmed)
5/08/2024
Dividend Payable
5/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Current Symbol
NYSE:GRP.U
CIK
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Profitability

Net Income
$101.24 million
Pretax Margin
24.75%

Debt

Sales & Book Value

Annual Sales
$521.25 million
Cash Flow
$1.45 per share
Book Value
$61.86 per share

Miscellaneous

Free Float
63,107,000
Market Cap
$3.20 billion
Optionable
Not Optionable
Beta
1.11
13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

GRP.U Stock Analysis - Frequently Asked Questions

How have GRP.U shares performed in 2024?

Granite Real Estate Inc. Staple's stock was trading at $57.71 at the beginning of the year. Since then, GRP.U shares have decreased by 12.3% and is now trading at $50.62.
View the best growth stocks for 2024 here
.

When is Granite Real Estate Inc. Staple's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our GRP.U earnings forecast
.

How often does Granite Real Estate Inc. Staple pay dividends? What is the dividend yield for Granite Real Estate Inc. Staple?

Granite Real Estate Inc. Staple declared a monthly dividend on Wednesday, April 17th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.203 per share on Wednesday, May 15th. This represents a $2.44 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Monday, April 29th.
Read our dividend analysis for GRP.U
.

Is Granite Real Estate Inc. Staple a good dividend stock?

Granite Real Estate Inc. Staple (NYSE:GRP.U) pays an annual dividend of $2.43 per share and currently has a dividend yield of 4.80%. GRP.U has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 152.83%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GRP.U will have a dividend payout ratio of 56.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GRP.U.

How do I buy shares of Granite Real Estate Inc. Staple?

Shares of GRP.U stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GRP.U) was last updated on 4/23/2024 by MarketBeat.com Staff

From Our Partners