Shares of Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $45.56, but opened at $47.05. Granite Real Estate Inc. Staple shares last traded at $48.23, with a volume of 13,330 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com raised 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 Analysis on GRP.U
Granite Real Estate Inc. Staple Trading Down 1.8 %
The company has a 50 day moving average price of $47.67 and a 200 day moving average price of $51.71. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $2.92 billion and a price-to-earnings ratio of 13.08.
Granite Real Estate Inc. Staple Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.1981 per share. This represents a $2.38 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Monday, March 31st. Granite Real Estate Inc. Staple's dividend payout ratio (DPR) is 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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