Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 39,568 shares were traded during mid-day trading, an increase of 174% from the previous session's volume of 14,440 shares.The stock last traded at $43.20 and had previously closed at $46.26.
Analyst Ratings Changes
Separately, StockNews.com raised shares of 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 Stock Performance
The stock has a fifty day moving average price of $46.49 and a 200-day moving average price of $50.34. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2.65 billion and a price-to-earnings ratio of 11.91.
Granite Real Estate Inc. Staple Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.1981 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.38 dividend on an annualized basis and a yield of 5.58%. Granite Real Estate Inc. Staple's payout ratio is 28.06%.
Granite Real Estate Inc. Staple Company Profile
(
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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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