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) – Analysts at National Bank Financial issued their Q1 2024 EPS estimates for Granite Real Estate Inc. Staple in a report issued on Tuesday, April 23rd. National Bank Financial analyst M. Kornack forecasts that the company will post earnings per share of $0.94 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 note on Friday, March 1st.

Granite Real Estate Inc. Staple Price Performance

NYSE GRP.U opened at $50.31 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.41 and a current ratio of 0.41. The firm’s 50 day moving average price is $54.69 and its 200-day moving average price is $53.89. Granite Real Estate Inc. Staple has a 52-week low of $45.35 and a 52-week high of $62.55. 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 firm also recently announced 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 dividend yield of 4.84%. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is presently 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.