Granite Real Estate Inc. Staple (GRP.U) To Go Ex-Dividend on January 31st

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.1967 per share on Friday, February 14th. This represents a $2.36 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Friday, January 31st.

Granite Real Estate Inc. Staple Stock Performance

Shares of Granite Real Estate Inc. Staple stock opened at $48.76 on Thursday. The stock’s 50-day moving average is $50.56 and its 200 day moving average is $53.80. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. Granite Real Estate Inc. Staple has a one year low of $46.75 and a one year high of $65.63.

Granite Real Estate Inc. Staple (NYSE:GRP.U) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.31. Granite Real Estate Inc. Staple had a net margin of 55.97% and a return on equity of 5.71%. The company had revenue of $104.02 million for the quarter. During the same period last year, the company earned $0.92 EPS. As a group, equities analysts anticipate that Granite Real Estate Inc. Staple will post 3.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 16th.

Granite Real Estate Inc. Staple Company Profile

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.