Equities Analysts Offer Predictions for Granite Real Estate Inc. Staple’s Q1 2024 Earnings (NYSE:GRP.U)

Granite Real Estate Inc. Staple (NYSE:GRP.U) – National Bank Financial issued their Q1 2024 earnings estimates for shares of Granite Real Estate Inc. Staple in a report issued on Tuesday, April 23rd. National Bank Financial analyst M. Kornack forecasts that the company will earn $0.94 per share for the quarter. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.95 per share.

Separately, StockNews.com downgraded shares of Granite Real Estate Inc. Staple from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Granite Real Estate Inc. Staple Trading Down 1.8 %

Shares of NYSE:GRP.U opened at $50.31 on Friday. Granite Real Estate Inc. Staple has a 52 week low of $45.35 and a 52 week high of $62.55. The company’s 50 day moving average is $54.69 and its two-hundred day moving average is $53.89. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.53. The company has a market cap of $3.18 billion, a PE ratio of 31.64 and a beta of 1.11.

Granite Real Estate Inc. Staple Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.203 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Monday, April 29th. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is 152.83%.

About Granite Real Estate Inc. Staple

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.