Granite Real Estate Inc. Staple (NYSE:GRP.U – Free Report) – Desjardins issued their Q1 2025 earnings per share estimates for shares of Granite Real Estate Inc. Staple in a note issued to investors on Sunday, March 2nd. Desjardins analyst K. Stanley anticipates that the company will earn $0.98 per share for the quarter. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.81 per share. Desjardins also issued estimates for Granite Real Estate Inc. Staple’s Q2 2025 earnings at $0.99 EPS, Q3 2025 earnings at $1.02 EPS, Q4 2025 earnings at $1.06 EPS, FY2025 earnings at $4.04 EPS and FY2026 earnings at $4.35 EPS.
Separately, StockNews.com raised Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 16th.
Granite Real Estate Inc. Staple Trading Up 1.5 %
Shares of Granite Real Estate Inc. Staple stock opened at $46.53 on Tuesday. Granite Real Estate Inc. Staple has a fifty-two week low of $45.45 and a fifty-two week high of $65.63. The firm has a market cap of $2.92 billion and a PE ratio of 13.00. The business’s fifty day moving average is $48.04 and its two-hundred day moving average is $52.78. 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 Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.1997 dividend. This is a positive change from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. This represents a $2.40 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Friday, February 28th. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is 32.85%.
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.
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