Granite Real Estate Inc. Staple (NYSE:GRP.U) Downgraded to “Buy” Rating by StockNews.com

Granite Real Estate Inc. Staple (NYSE:GRP.U) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

Granite Real Estate Inc. Staple Stock Performance

NYSE GRP.U opened at $48.49 on Wednesday. The company’s 50 day simple moving average is $51.59 and its two-hundred day simple moving average is $53.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. Granite Real Estate Inc. Staple has a 1 year low of $47.31 and a 1 year high of $65.63. The stock has a market capitalization of $3.04 billion and a PE ratio of 13.54.

Granite Real Estate Inc. Staple Company Profile

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.