Granite Real Estate Inc. Staple Expected to Earn Q3 2024 Earnings of $1.01 Per Share (NYSE:GRP.U)

Posted by Stacy Sanders on Oct 11th, 2024

Granite Real Estate Inc. Staple (NYSE:GRP.U – Free Report) – Analysts at National Bank Financial issued their Q3 2024 EPS estimates for shares of Granite Real Estate Inc. Staple in a report released on Tuesday, October 8th. National Bank Financial analyst M. Kornack expects that the company will post earnings per share of $1.01 for the quarter. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.89 per share.

Granite Real Estate Inc. Staple Price Performance

Shares of NYSE:GRP.U opened at $55.81 on Thursday. The company’s fifty day moving average price is $56.77 and its 200 day moving average price is $53.44. Granite Real Estate Inc. Staple has a 12 month low of $45.35 and a 12 month high of $65.63. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market capitalization of $3.50 billion, a P/E ratio of 20.90 and a beta of 1.21.

Granite Real Estate Inc. Staple Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a dividend of $0.204 per share. This is an increase from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. This represents a $2.45 annualized dividend and a yield of 4.39%. The ex-dividend date is Friday, September 27th. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) 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.