Granite Real Estate Inc. Staple (NYSE:GRP.U) Expected to Earn Q1 2024 Earnings of $0.94 Per Share

Granite Real Estate Inc. Staple (NYSE:GRP.U) – National Bank Financial issued their Q1 2024 earnings per share estimates for shares of Granite Real Estate Inc. Staple in a note issued to investors 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 lowered Granite Real Estate Inc. Staple from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

Granite Real Estate Inc. Staple Stock Performance

NYSE:GRP.U opened at $50.61 on Friday. The stock’s fifty day moving average is $54.59 and its 200 day moving average is $53.88. Granite Real Estate Inc. Staple has a fifty-two week low of $45.35 and a fifty-two week high of $62.55. The firm has a market capitalization of $3.20 billion, a PE ratio of 31.83 and a beta of 1.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.41 and a current ratio of 0.41.

Granite Real Estate Inc. Staple Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.203 per share. The ex-dividend date is Monday, April 29th. This represents a $2.44 annualized dividend and a yield of 4.81%. Granite Real Estate Inc. Staple’s payout ratio is presently 153.46%.

Granite Real Estate Inc. Staple Company Profile

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.