Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 30,570 shares were traded during mid-day trading, an increase of 109% from the previous session's volume of 14,626 shares.The stock last traded at $45.27 and had previously closed at $44.56.
Wall Street Analyst Weigh In
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.
Check Out Our Latest Report on GRP.U
Granite Real Estate Inc. Staple Stock Down 0.2 %
The company has a market cap of $2.84 billion and a P/E ratio of 12.75. The stock's 50-day moving average price is $45.67 and its 200-day moving average price is $49.21. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57.
Granite Real Estate Inc. Staple Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.2042 per share. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost from Granite Real Estate Inc. Staple's previous monthly dividend of $0.20. Granite Real Estate Inc. Staple's dividend 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.
See Also
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