Granite Real Estate Inc. Staple - GRP.U Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Real Estate Inc. Staple in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GRP.U shares.
View GRP.U analyst ratings or view top-rated stocks.

Granite Real Estate Inc. Staple's stock was trading at $83.31 at the start of the year. Since then, GRP.U stock has decreased by 39.3% and is now trading at $50.55.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our GRP.U earnings forecast.

Granite Real Estate Inc. Staple announced a monthly dividend on Friday, September 16th. Investors of record on Thursday, September 29th will be paid a dividend of $0.197 per share on Friday, October 14th. This represents a $2.36 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Wednesday, September 28th.
Read our dividend analysis for GRP.U.

Granite Real Estate Inc. Staple (NYSE:GRP.U) pays an annual dividend of $2.36 per share and currently has a dividend yield of 4.74%. 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 17.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GRP.U will have a dividend payout ratio of 62.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GRP.U.

Granite Real Estate Inc. Staple trades on the New York Stock Exchange (NYSE) under the ticker symbol "GRP.U."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of GRP.U stock can currently be purchased for approximately $50.55.

Granite Real Estate Inc. Staple (NYSE:GRP.U) has a market capitalization of $3.33 billion and generates $313.95 million in revenue each year. The company earns $1.05 billion in net income (profit) each year or $13.72 on an earnings per share basis.

Granite Real Estate Inc. Staple's mailing address is 77 King Street West Suite 4010 P.O. Box 159, TORONTO A6, M5K 1H1. The official website for the company is www.granitereit.com. The company can be reached via phone at 64-7925-7500 or via email at ir@granitereit.com.