Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Sunday.
Granite Real Estate Inc. Staple Price Performance
GRP.U stock traded up $0.30 during midday trading on Friday, reaching $54.61. 1,480 shares of the company's stock traded hands. Granite Real Estate Inc. Staple has a 52 week low of $45.60 and a 52 week high of $65.63. The firm's fifty day moving average price is $57.21 and its 200-day moving average price is $53.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.37 and a current ratio of 1.34.
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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