Shares of Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $53.51, but opened at $50.01. Granite Real Estate Inc. Staple shares last traded at $50.01, with a volume of 570 shares changing hands.
Granite Real Estate Inc. Staple Price Performance
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 firm's 50-day moving average price is $57.41 and its 200-day moving average price is $53.44. The stock has a market capitalization of $3.36 billion, a PE ratio of 20.02 and a beta of 1.21.
Granite Real Estate Inc. Staple Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.1994 per share. This represents a $2.39 annualized dividend and a yield of 4.47%. The ex-dividend date is Thursday, October 31st. Granite Real Estate Inc. Staple's payout ratio is 96.83%.
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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