Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Rating) – Equities research analysts at National Bank Financial reduced their FY2023 EPS estimates for Granite Real Estate Inc. Staple in a research note issued to investors on Thursday, January 5th. National Bank Financial analyst M. Kornack now forecasts that the company will post earnings of $3.43 per share for the year, down from their prior estimate of $3.49. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.40 per share.
Separately, StockNews.com initiated coverage on shares of Granite Real Estate Inc. Staple in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.
Granite Real Estate Inc. Staple Trading Up 0.7 %
GRP.U opened at $52.50 on Monday. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 6.96 and a beta of 1.02. The stock’s fifty day simple moving average is $55.04 and its 200-day simple moving average is $56.31. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.53.
Granite Real Estate Inc. Staple Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be paid a $0.199 dividend. This represents a $2.39 dividend on an annualized basis and a dividend yield of 4.55%. This is an increase from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.19. The ex-dividend date of this dividend is Thursday, December 29th. Granite Real Estate Inc. Staple’s payout ratio is 31.70%.
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.
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