GRP.U FY2024 EPS Estimate Lowered by National Bank Financial

Granite Real Estate Inc. Staple (NYSE:GRP.U) – Research analysts at National Bank Financial decreased their FY2024 earnings estimates for shares of Granite Real Estate Inc. Staple in a research report issued on Sunday, December 15th. National Bank Financial analyst M. Kornack now anticipates that the company will earn $3.81 per share for the year, down from their previous forecast of $3.85. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.88 per share. National Bank Financial also issued estimates for Granite Real Estate Inc. Staple’s Q4 2024 earnings at $0.99 EPS, FY2025 earnings at $4.17 EPS and FY2026 earnings at $4.51 EPS.

Separately, StockNews.com upgraded Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 10th.

Granite Real Estate Inc. Staple Trading Down 2.3 %

Shares of Granite Real Estate Inc. Staple stock opened at $49.54 on Tuesday. The firm’s 50-day moving average price is $53.84 and its two-hundred day moving average price is $53.92. The company has a market capitalization of $3.11 billion and a price-to-earnings ratio of 13.84. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. Granite Real Estate Inc. Staple has a 12-month low of $47.31 and a 12-month high of $65.63.

Granite Real Estate Inc. Staple Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.1979 dividend. This is a positive change from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. This represents a $2.38 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Tuesday, December 31st. Granite Real Estate Inc. Staple’s dividend payout ratio is presently 68.16%.

Granite Real Estate Inc. Staple Company Profile

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.