Granite Real Estate Inc. Staple (GRP.U) Set to Announce Quarterly Earnings on Wednesday

Granite Real Estate Inc. Staple (NYSE:GRP.U) is set to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.93 per share for the quarter.

Granite Real Estate Inc. Staple Stock Performance

GRP.U opened at $50.83 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market capitalization of $3.22 billion, a PE ratio of 31.97 and a beta of 1.15. The business has a fifty day simple moving average of $54.13 and a 200 day simple moving average of $53.84. Granite Real Estate Inc. Staple has a 1 year low of $45.35 and a 1 year high of $62.55.

Granite Real Estate Inc. Staple Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders 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 4.79%. Granite Real Estate Inc. Staple’s dividend payout ratio is presently 153.46%.

Wall Street Analysts Forecast Growth

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

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.