Analysts Issue Forecasts for Granite Real Estate Inc. Staple’s FY2022 Earnings (NYSE:GRP.U)

Granite Real Estate Inc. Staple (NYSE:GRP.UGet Rating) – Desjardins boosted their FY2022 earnings estimates for shares of Granite Real Estate Inc. Staple in a research report issued to clients and investors on Sunday, November 13th. Desjardins analyst K. Stanley now forecasts that the company will post earnings per share of $3.47 for the year, up from their previous forecast of $3.41. Desjardins currently has a “Buy” rating on the stock. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.34 per share. Desjardins also issued estimates for Granite Real Estate Inc. Staple’s FY2023 earnings at $3.92 EPS and FY2024 earnings at $4.13 EPS.

Separately, StockNews.com started coverage on Granite Real Estate Inc. Staple in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Granite Real Estate Inc. Staple Stock Up 1.0 %

Shares of Granite Real Estate Inc. Staple stock opened at $59.07 on Tuesday. The firm has a 50 day simple moving average of $51.96 and a 200-day simple moving average of $57.52. The stock has a market capitalization of $3.82 billion, a P/E ratio of 7.83 and a beta of 0.96. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.53.

Granite Real Estate Inc. Staple Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were paid a dividend of $0.1881 per share. The ex-dividend date was Friday, October 28th. This represents a $2.26 dividend on an annualized basis and a dividend yield of 3.82%. Granite Real Estate Inc. Staple’s dividend payout ratio is 30.90%.

About Granite Real Estate Inc. Staple

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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.

Further Reading

Earnings History and Estimates for Granite Real Estate Inc. Staple (NYSE:GRP.U)

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