Granite Real Estate Inc. Staple (NYSE:GRP.U) Rating Lowered to "Buy" at StockNews.com

Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday.

Granite Real Estate Inc. Staple Stock Performance

NYSE GRP.U traded up $3.04 during trading on Friday, reaching $53.60. 9,841 shares of the company's stock were exchanged. Granite Real Estate Inc. Staple has a fifty-two week low of $45.60 and a fifty-two week high of $65.63. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.52. The company's fifty day simple moving average is $57.55 and its 200-day simple moving average is $53.44.

About Granite Real Estate Inc. Staple

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.