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

Granite Real Estate Inc. Staple (NYSE:GRP.U) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

Granite Real Estate Inc. Staple Price Performance

Shares of GRP.U stock traded up $7.04 on Friday, reaching $57.49. 409 shares of the company were exchanged, compared to its average volume of 14,620. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 21.53 and a beta of 1.21. The business has a 50-day moving average price of $57.43 and a 200 day moving average price of $53.44. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.37 and a current ratio of 0.37. Granite Real Estate Inc. Staple has a 1 year low of $45.35 and a 1 year 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.