Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 14,684 shares changed hands during trading, an increase of 1% from the previous session's volume of 14,512 shares.The stock last traded at $46.43 and had previously closed at $46.71.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a research note on Thursday, January 16th.
Check Out Our Latest Stock Analysis on GRP.U
Granite Real Estate Inc. Staple Price Performance
The company has a market cap of $2.96 billion and a P/E ratio of 13.30. The company has a fifty day moving average price of $47.69 and a two-hundred day moving average price of $52.15. 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 Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.1981 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Monday, March 31st. Granite Real Estate Inc. Staple's dividend payout ratio is presently 32.85%.
About Granite Real Estate Inc. Staple
(
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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.
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