How have GRP.U shares performed in 2024?

Granite Real Estate Inc. Staple's stock was trading at $57.71 on January 1st, 2024. Since then, GRP.U stock has decreased by 12.3% and is now trading at $50.62. 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 declared a monthly dividend on Wednesday, April 17th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.203 per share on Wednesday, May 15th. This represents a $2.44 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend 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 4.68%. 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 .

NYSE:GRP.U

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

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$50.62

+0.40 (+0.80%)

(As of 12:09 PM ET)

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Today's Range: $50.62
▼
$50.62
50-Day Range: $50.46
▼
$57.56
52-Week Range: $45.35
▼
$63.99

Volume: 274 shs
Average Volume: 10,849 shs
Market Capitalization: $3.20 billion

P/E Ratio: 31.84
Dividend Yield: 4.80%
Price Target: N/A

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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

30 days | 90 days | 365 days | Advanced Chart

GRP.U Stock News Headlines

April 18, 2024 | americanbankingnews.com

Analyzing Granite Real Estate Inc. Staple (NYSE:GRP.U) & American Assets Trust (NYSE:AAT)

April 12, 2024 | msn.com

Southern California real estate hiring slows to a crawl

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 15, 2024 | marketwatch.com

Granite Point Mortgage Cuts Dividend by 25% to 15 Cents

March 13, 2024 | msn.com

Granite Construction maintains quarterly dividend of $0.13

February 21, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Real Estate Companies: Realty Income (O) and Centerspace (CSR)

February 21, 2024 | markets.businessinsider.com

Analysts Are Bullish on Top Real Estate Stocks: Public Storage (PSA), CoStar Group (CSGP)

February 20, 2024 | msn.com

Is Engineered Quartz the New Granite?

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 20, 2024 | msn.com

Sale of Granite City treatment plant has residents paying double in bills

February 20, 2024 | seekingalpha.com

Granite Point Mortgage Trust: Precarious 64% Discount To Book Value And 17% Dividend Yield

February 2, 2024 | tmcnet.com

Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

January 17, 2024 | msn.com

Granite REIT declares CAD 0.275 dividend

January 6, 2024 | morningstar.com

Granite Real Estate Investment Trust Stapled Units Cons of 1 Shs of Granite GRP.U

December 20, 2023 | morningstar.com

Granite Real Estate Investment Trust Stapled Units Cons of 1 Shs of Granite

December 19, 2023 | tmcnet.com

Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2023 Common and Preferred Stock Dividends and Business Update

December 12, 2023 | bizjournals.com

Incoming Granite Properties CEO pushes 'experiential real estate' amid lingering office concerns

November 28, 2023 | news.yahoo.com

Granite City steel mill expects to lay off 600 workers, company says

November 10, 2023 | msn.com

New owner of Granite Ridge hoping to use property to honor veterans

October 31, 2023 | marketwatch.com

Granite Construction Shares Pop 17% After 3Q Results

October 29, 2023 | msn.com

Granite Point Mortgage Offers An 11% Yield On Its Preferred Shares

July 31, 2023 | bizjournals.com

U.S. Steel gives projects update, including planned sale of Metro East blast furnaces

July 8, 2023 | msn.com

There's granite on the moon. No one knows how it got there.

June 16, 2023 | benzinga.com

Granite REIT Declares Distribution for June 2023

June 6, 2023 | seekingalpha.com

Granite REIT: Solid Performance But Still Not Our First Choice

May 13, 2023 | investing.com

GRP_u Technical Analysis

March 30, 2023 | msn.com

U.S. real estate brokerages must face home sellers’ class action over commissions

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Company Calendar

Ex-Dividend for 4/15 Dividend: 3/27/2024
Dividend Payable: 4/15/2024
Today: 4/19/2024
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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: N/A
Current Symbol: NYSE:GRP.U
CUSIP: N/A
CIK: N/A
Web: www.granitereit.com
Phone: 64-7925-7500
Fax: N/A
Employees: N/A
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $1.59
Trailing P/E Ratio: 31.84
Forward P/E Ratio: 12.82
P/E Growth: N/A
Net Income: $101.24 million
Net Margins: 26.28%
Pretax Margin: 24.75%
Return on Equity: 2.54%
Return on Assets: 1.49%

Debt

Debt-to-Equity Ratio: 0.53
Current Ratio: 0.41
Quick Ratio: 0.41

Sales & Book Value

Annual Sales: $386.07 million
Price / Sales: 8.30
Cash Flow: $1.41 per share
Price / Cash Flow: 35.86
Book Value: $61.86 per share
Price / Book: 0.82

Miscellaneous

Outstanding Shares: 63,280,000
Free Float: 63,107,000
Market Cap: $3.20 billion
Optionable: Not Optionable
Beta: 1.11

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Key Competitors

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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 on January 1st, 2024. Since then, GRP.U stock has decreased by 12.3% and is now trading at $50.62.
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 declared a monthly dividend on Wednesday, April 17th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.203 per share on Wednesday, May 15th. This represents a $2.44 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend 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 4.68%. 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 4/19/2024 by MarketBeat.com Staff

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

About Granite Real Estate Inc. Staple Stock (NYSE:GRP.U)

GRP.U Stock Price History

GRP.U Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Competitors

GRP.U Stock Analysis - Frequently Asked Questions

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