Raymond James Has Pessimistic Outlook of GRP.U Q2 Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.UFree Report) – Equities research analysts at Raymond James decreased their Q2 2025 EPS estimates for shares of Granite Real Estate Inc. Staple in a research note issued on Monday, January 13th. Raymond James analyst B. Sturges now forecasts that the company will post earnings per share of $1.00 for the quarter, down from their prior forecast of $1.04. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.86 per share.

Separately, StockNews.com upgraded shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

View Our Latest Report on GRP.U

Granite Real Estate Inc. Staple Trading Down 1.7 %

NYSE:GRP.U opened at $47.45 on Wednesday. The stock has a market cap of $2.98 billion and a price-to-earnings ratio of 13.25. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. Granite Real Estate Inc. Staple has a 1 year low of $46.75 and a 1 year high of $65.63. The business has a fifty day moving average of $51.12 and a 200-day moving average of $53.82.

Granite Real Estate Inc. Staple Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.1979 per share. This represents a $2.38 annualized dividend and a dividend yield of 5.01%. This is an increase from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. The ex-dividend date was Tuesday, December 31st. Granite Real Estate Inc. Staple’s dividend payout ratio is currently 49.72%.

About Granite Real Estate Inc. Staple

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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.

See Also

Earnings History and Estimates for Granite Real Estate Inc. Staple (NYSE:GRP.U)

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