Raymond James Issues Negative Forecast for GRP.U Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U) – Equities research analysts at Raymond James lowered their Q2 2025 earnings per share estimates for Granite Real Estate Inc. Staple in a research note issued to investors on Monday, January 13th. Raymond James analyst B. Sturges now forecasts that the company will earn $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 research report on Wednesday, January 8th.

Granite Real Estate Inc. Staple Stock Up 1.5 %

Shares of GRP.U opened at $48.27 on Wednesday. Granite Real Estate Inc. Staple has a 52 week low of $46.75 and a 52 week high of $65.63. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.03 billion and a price-to-earnings ratio of 13.48. The stock’s 50-day moving average price is $51.22 and its 200-day moving average price is $53.86.

Granite Real Estate Inc. Staple Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.1979 per share. This is a boost from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. The ex-dividend date was Tuesday, December 31st. This represents a $2.38 annualized dividend and a yield of 4.92%. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is 49.44%.

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.