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Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Rating) is expected to report quarterly results after the market close 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. staple stock drops 2.1%
GRP.U shares opened Wednesday at $50.99. The company has a market capitalization of $3.36 billion, a P/E of 3.72 and a beta of 0.98. His 50-day moving average for this stock is $52.49 and its 200-day moving average is $57.89. The company has a debt to equity 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 business also recently announced a monthly dividend payable on Tuesday, November 15th. Investors of record on Monday, October 31 will receive a dividend of $0.1881. The ex-dividend date is Friday, October 28. This represents his $2.26 dividend and his 4.43% yield on an annual basis. Granite Real Estate Inc. Staple currently has a payout ratio of 16.98%.
Analyst upgrades and downgrades
GRP.U has been the subject of several research analyst reports. StockNews.com began coverage of Granite Real Estate Inc. Staple in an investigative report on Wednesday, October 12th. They set a “pending” rating on the company. Desjardins restated its Buy rating on the stock of Granite Real Estate Inc. Staple in a research note on Friday, July 22nd.
Granite Real Estate Staple Co., Ltd. Company Profile
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Granite Real Estate Investment Trust owns and manages primarily industrial properties in Canada, the United States, Mexico and Europe.[Business description]Own and manage rental income properties. Its services include procurement and acquisition of properties, site development, assistance with government approvals, rezoning for specific uses, build-to-suit construction, property renovations, project management and long-term leasing.
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