Granite Real Estate Inc. Staple (NYSE:GRP.U) Rating Increased to Strong-Buy at StockNews.com

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

Granite Real Estate Inc. Staple Stock Performance

NYSE GRP.U opened at $54.74 on Friday. The stock has a market cap of $3.43 billion, a PE ratio of 15.29 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.37 and a current ratio of 1.34. The firm has a 50-day moving average of $57.17 and a 200-day moving average of $53.58. Granite Real Estate Inc. Staple has a 52-week low of $46.28 and a 52-week high of $65.63.

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.