NYSE:GRP.U

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

$50.31
-0.90 (-1.76%)
(As of 04/25/2024 ET)
Today's Range
$49.90
$50.34
50-Day Range
$50.31
$57.56
52-Week Range
$45.35
$62.55
Volume
109,049 shs
Average Volume
5,390 shs
Market Capitalization
$3.18 billion
P/E Ratio
31.64
Dividend Yield
4.83%
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

The “Next Bitcoin”? 10 CENT Crypto Set to Explode
The man who bought Bitcoin and Ethereum in 2017… and has spotted 44 different coins that have returned over 100%... Is now exposing a 10-cent coin that just partnered with Amazon…
Is Engineered Quartz the New Granite?
The “Next Bitcoin”? 10 CENT Crypto Set to Explode
The man who bought Bitcoin and Ethereum in 2017… and has spotted 44 different coins that have returned over 100%... Is now exposing a 10-cent coin that just partnered with Amazon…
Granite REIT declares CAD 0.275 dividend
Granite Construction Shares Pop 17% After 3Q Results
GRP_u Technical Analysis
See More Headlines
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Company Calendar

Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/26/2024
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
$386.07 million
Cash Flow
$1.42 per share
Book Value
$61.86 per share

Miscellaneous

Free Float
63,107,000
Market Cap
$3.18 billion
Optionable
Not Optionable
Beta
1.11
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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 2024. Since then, GRP.U shares have decreased by 12.8% and is now trading at $50.31.
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 announced a monthly dividend on Wednesday, April 17th. Shareholders 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 dividend yield of 4.84%. The ex-dividend date 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 4.75%. 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 4/26/2024 by MarketBeat.com Staff

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