Research Analysts Issue Forecasts for GRP.U Q2 Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U) – Research analysts at Raymond James cut their Q2 2025 earnings per share (EPS) estimates for 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 prior 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 downgraded Granite Real Estate Inc. Staple from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th.

Granite Real Estate Inc. Staple Stock Performance

NYSE GRP.U opened at $47.56 on Wednesday. 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 fifty-two week low of $46.75 and a fifty-two week high of $65.63. The business has a fifty day moving average of $51.22 and a 200-day moving average of $53.86. The stock has a market cap of $2.98 billion and a price-to-earnings ratio of 13.28.

Granite Real Estate Inc. Staple Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.1979 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. Granite Real Estate Inc. Staple’s payout ratio is currently 49.44%.

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.