Granite Immobilier Inc. Staple (NYSE:GRP.U – Get a rating) is expected to release its quarterly results after the market closes on Wednesday, November 9. Analysts expect Granite Real Estate Inc. Staple to post earnings of $0.84 per share for the quarter.
Granite Real Estate Inc. Basic shares down 2.1%
Shares of GRP.U opened at $50.99 on Wednesday. The company has a market capitalization of $3.36 billion, a P/E ratio of 3.72 and a beta of 0.98. The stock has a 50-day moving average of $52.49 and a two-hundred-day moving average of $57.89. The company has a debt ratio of 0.48, a quick ratio of 1.64 and a current ratio of 1.64.
Granite Real Estate Inc. Staple Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, November 15. Investors of record on Monday, October 31 will receive a dividend of $0.1881. The ex-dividend date is Friday, October 28. This represents a dividend of $2.26 on an annualized basis and a yield of 4.43%. Granite Real Estate Inc. Staple’s dividend payout ratio is currently 16.98%.
Analyst upgrades and downgrades
GRP.U has been the subject of several research analyst reports. StockNews.com launched coverage on Granite Real Estate Inc. Staple in a research report on Wednesday, October 12. They set a “hold” rating for the company. Desjardins reiterated a “buy” rating on Granite Real Estate Inc. Staple shares in a Friday, July 22 research note.
Granite Real Estate Inc. Basic Company Profile
Granite Real Estate Investment Trust is engaged in the ownership and management of primarily industrial properties in Canada, the United States, Mexico and Europe. The Company owns and manages rental income properties. Its services include real estate sourcing and acquisition, site development, assistance with government approvals and rezoning for specific purposes, custom construction, property renovations, project management and leasing. long-term.
Read more
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected].
Before you consider Granite Real Estate Inc. Staple, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market spreads…and Granite Real Estate Inc. Staple wasn’t on the list.
Although Granite Real Estate Inc. Staple currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.