Granite Real Estate Inc. Staple (NYSE:GRP.U) Shares Gap Down – What’s Next?

Posted by Donna Armstrong on Mar 21st, 2025

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $47.79, but opened at $44.00. Granite Real Estate Inc. Staple shares last traded at $47.66, with a volume of 9,730 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 16th.

Read Our Latest Stock Analysis on Granite Real Estate Inc. Staple

Granite Real Estate Inc. Staple Stock Performance

The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2.97 billion and a P/E ratio of 13.34. The company’s 50-day moving average is $47.67 and its two-hundred day moving average is $52.09.

Granite Real Estate Inc. Staple Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.1981 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Monday, March 31st. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is 32.85%.

Granite Real Estate Inc. Staple Company Profile

(Get Free Report)

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.