Granite Real Estate Inc. Staple (NYSE:GRP.U) Sets New 52-Week Low - Should You Sell?

Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $45.57 and last traded at $45.62, with a volume of 947 shares. The stock had previously closed at $49.00.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a research report on Thursday, January 16th.

Granite Real Estate Inc. Staple Stock Performance

The stock has a market cap of $3.12 billion and a price-to-earnings ratio of 13.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The stock's 50-day moving average is $49.41 and its 200-day moving average is $53.46.

Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) last issued its quarterly earnings results 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 return on equity of 5.71% and a net margin of 55.97%. The firm had revenue of $104.02 million for the quarter. During the same period in the previous year, the business posted $0.92 earnings per share. Analysts anticipate that Granite Real Estate Inc. Staple will post 3.81 EPS for the current fiscal year.

Granite Real Estate Inc. Staple Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.1967 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.36 annualized dividend and a dividend yield of 4.75%. Granite Real Estate Inc. Staple's dividend payout ratio is presently 44.13%.

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.