National Bank Financial Estimates GRP.U FY2024 Earnings

Posted by ABMN Staff on Dec 19th, 2024

Granite Real Estate Inc. Staple (NYSE:GRP.U – Free Report) – Stock analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Granite Real Estate Inc. Staple in a report issued on Sunday, December 15th. National Bank Financial analyst M. Kornack now forecasts that the company will post earnings per share of $3.81 for the year, down from their prior forecast 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 shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 10th.

Check Out Our Latest Research Report on Granite Real Estate Inc. Staple

Granite Real Estate Inc. Staple Price Performance

Shares of NYSE:GRP.U opened at $49.54 on Tuesday. The business has a fifty day moving average price of $53.84 and a 200-day moving average price of $53.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $3.11 billion and a PE ratio of 13.84. Granite Real Estate Inc. Staple has a 1-year low of $47.31 and a 1-year high of $65.63.

Granite Real Estate Inc. Staple Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.1979 dividend. This is a positive change from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. The ex-dividend date is Tuesday, December 31st. This represents a $2.38 dividend on an annualized basis and a dividend yield of 4.79%. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is presently 68.16%.

Granite Real Estate Inc. Staple Company Profile

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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.