StockNews.com upgraded shares of Granite Real Estate Inc. Staple (NYSE:GRP.U – Free Report) from a buy rating to a strong-buy rating in a research report report published on Friday.
Granite Real Estate Inc. Staple Stock Down 0.2 %
Shares of GRP.U opened at $50.35 on Friday. Granite Real Estate Inc. Staple has a 52 week low of $45.35 and a 52 week high of $65.63. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 21.53 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.37 and a current ratio of 0.37. The business’s fifty day moving average price is $57.53 and its two-hundred day moving average price is $53.45.
Granite Real Estate Inc. Staple Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.1994 dividend. This represents a $2.39 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Thursday, October 31st. Granite Real Estate Inc. Staple’s dividend payout ratio is presently 91.39%.
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.
Read More
- Five stocks we like better than Granite Real Estate Inc. Staple
- Why Are Stock Sectors Important to Successful Investing?
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- How to Use the MarketBeat Stock Screener
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Where to Find Earnings Call Transcripts
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Granite Real Estate Inc. Staple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Real Estate Inc. Staple and related companies with MarketBeat.com's FREE daily email newsletter.