National Bank Financial Analysts Increase Earnings Estimates for Granite Real Estate Inc. Staple (NYSE:GRP.U)

Granite Real Estate Inc. Staple (NYSE:GRP.UFree Report) – Equities research analysts at National Bank Financial lifted their FY2024 EPS estimates for Granite Real Estate Inc. Staple in a research report issued to clients and investors on Tuesday, October 8th. National Bank Financial analyst M. Kornack now expects that the company will earn $3.91 per share for the year, up from their previous estimate of $3.88. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.89 per share. National Bank Financial also issued estimates for Granite Real Estate Inc. Staple’s FY2025 earnings at $4.28 EPS.

Granite Real Estate Inc. Staple Stock Down 0.4 %

Shares of NYSE GRP.U opened at $55.81 on Friday. Granite Real Estate Inc. Staple has a 1 year low of $45.35 and a 1 year high of $65.63. The firm’s 50 day moving average price is $56.77 and its 200 day moving average price is $53.44. The firm has a market cap of $3.50 billion, a P/E ratio of 20.90 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.37 and a current ratio of 0.37.

Granite Real Estate Inc. Staple Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a $0.204 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.45 annualized dividend and a dividend yield of 4.39%. This is an increase from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. Granite Real Estate Inc. Staple’s payout ratio is presently 91.39%.

Granite Real Estate Inc. Staple Company Profile

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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.

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

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