Granite Real Estate Inc. Staple (GRP.U) Set to Announce Quarterly Earnings on Wednesday

Granite Real Estate Inc. Staple (NYSE:GRP.U) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.93 per share for the quarter.

Granite Real Estate Inc. Staple Trading Down 0.6 %

Shares of Granite Real Estate Inc. Staple stock opened at $50.83 on Monday. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 31.97 and a beta of 1.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.41 and a current ratio of 0.41. Granite Real Estate Inc. Staple has a fifty-two week low of $45.35 and a fifty-two week high of $62.55. The stock has a 50 day moving average of $54.13 and a 200 day moving average of $53.84.

Granite Real Estate Inc. Staple Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.203 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Monday, April 29th. Granite Real Estate Inc. Staple’s payout ratio is 153.46%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Granite Real Estate Inc. Staple from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

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.