Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a note issued to investors on Thursday.
Granite Real Estate Inc. Staple Stock Down 1.7 %
Shares of NYSE GRP.U traded down $0.82 during mid-day trading on Thursday, reaching $47.45. 12,623 shares of the company's stock were exchanged, compared to its average volume of 8,532. 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 business has a fifty day simple moving average of $51.12 and a 200 day simple moving average of $53.82. Granite Real Estate Inc. Staple has a twelve month low of $46.75 and a twelve month high of $65.63. The firm has a market capitalization of $2.98 billion and a price-to-earnings ratio of 13.25.
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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