FY2024 EPS Estimates for Granite Real Estate Inc. Staple Raised by Analyst (NYSE:GRP.U)

Posted by MarketBeat News on Oct 13th, 2024

Granite Real Estate Inc. Staple (NYSE:GRP.U – Free Report) – Equities research analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for shares of Granite Real Estate Inc. Staple in a report released on Tuesday, October 8th. National Bank Financial analyst M. Kornack now expects that the company will post earnings of $3.91 per share for the year, up from their previous forecast 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 Trading Down 0.1 %

Shares of GRP.U opened at $55.96 on Friday. Granite Real Estate Inc. Staple has a 1-year low of $45.35 and a 1-year high of $65.63. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 20.96 and a beta of 1.21. The firm has a 50 day simple moving average of $56.77 and a 200-day simple moving average of $53.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.37 and a quick ratio of 0.37.

Granite Real Estate Inc. Staple Increases Dividend

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The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a $0.204 dividend. This is a positive change from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. This represents a $2.45 annualized dividend and a yield of 4.37%. The ex-dividend date is Friday, September 27th. Granite Real Estate Inc. Staple’s dividend 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.