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

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Rating ) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 9th. Analysts expect Granite Real Estate Inc. Staples will post earnings of $0.84 per share for the quarter.

Granite Real Estate Inc. Staple stocks fell 2.1%

Shares of GRP.U opened at $50.99 on Wednesday. The company has a market cap 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-to-equity ratio of 0.48, a quick ratio of 1.64, and an operating ratio of 1.64.

Granite Real Estate Inc. Staple Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be given a dividend of $0.1881. The ex-dividend date is Friday 28 October. This represents an annualized dividend of $2.26 and a yield of 4.43%. Granite Real Estate Inc. Staple’s dividend payout ratio is currently 16.98%.

Analyzer Upgrades and Downgrades

GRP.U has been the subject of several research analyst reports. StockNews.com started coverage on Granite Real Estate Inc on Wednesday, October 12th. Start staples in a research report. They set a “hold” rating for the company. Desjardins has a “buy” rating on shares of Granite Real Estate Inc. Staples restated in a research note on Friday, July 22nd.

Granite Real Estate Inc. Staple Company Profile

(Get rating)

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 sourcing and property acquisition, site development, assistance with government approvals and rezoning to specific uses, build-to-fit construction, property renovation, project management and long-term leasing.

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Earnings History for Granite Real Estate Inc.  Staples (NYSE: GRP.U)

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