GRP.U FY2024 EPS Decreased by National Bank Financial

Granite Real Estate Inc. Staple (NYSE:GRP.U) – Research analysts at National Bank Financial dropped their FY2024 earnings per share estimates for shares of Granite Real Estate Inc. Staple in a research note issued to investors on Sunday, December 15th. National Bank Financial analyst M. Kornack now forecasts that the company will post earnings of $3.81 per share for the year, down from their prior estimate of $3.85. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.88 per share. National Bank Financial also issued estimates for Granite Real Estate Inc. Staple’s Q4 2024 earnings at $0.99 EPS, FY2025 earnings at $4.17 EPS and FY2026 earnings at $4.51 EPS.

Separately, StockNews.com raised Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 10th.

Granite Real Estate Inc. Staple Price Performance

NYSE GRP.U opened at $50.81 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. Granite Real Estate Inc. Staple has a 1-year low of $47.31 and a 1-year high of $65.63. The stock has a market capitalization of $3.19 billion and a price-to-earnings ratio of 14.19. The business’s fifty day moving average price is $53.99 and its 200-day moving average price is $53.95.

Granite Real Estate Inc. Staple Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Investors of record on Wednesday, November 27th were issued a $0.1957 dividend. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Wednesday, November 27th. Granite Real Estate Inc. Staple’s dividend payout ratio is currently 68.16%.

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.