Raymond James Analysts Cut Earnings Estimates for GRP.U

Granite Real Estate Inc. Staple (NYSE:GRP.U) – Research analysts at Raymond James reduced their Q2 2025 earnings per share (EPS) estimates for shares of Granite Real Estate Inc. Staple in a report released on Monday, January 13th. Raymond James analyst B. Sturges now expects that the company will post earnings of $1.00 per share for the quarter, down from their previous estimate of $1.04. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.88 per share.

Separately, StockNews.com lowered Granite Real Estate Inc. Staple from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th.

Granite Real Estate Inc. Staple Stock Performance

NYSE GRP.U opened at $48.27 on Wednesday. The business’s 50 day moving average is $51.22 and its two-hundred day moving average is $53.86. The stock has a market capitalization of $3.03 billion and a price-to-earnings ratio of 13.48. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. Granite Real Estate Inc. Staple has a 12-month low of $46.75 and a 12-month high of $65.63.

Granite Real Estate Inc. Staple Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.1979 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.38 dividend on an annualized basis and a yield of 4.92%. This is a positive change from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. Granite Real Estate Inc. Staple’s dividend payout ratio is presently 49.44%.

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.