Granite Real Estate Inc. Staple (NYSE:GRP.U) Stock Rating Upgraded by StockNews.com

Granite Real Estate Inc. Staple (NYSE:GRP.U) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Granite Real Estate Inc. Staple Stock Down 0.4 %

Shares of Granite Real Estate Inc. Staple stock opened at $47.25 on Thursday. The stock has a 50-day moving average price of $50.98 and a 200 day moving average price of $53.78. The company has a market cap of $2.96 billion and a P/E ratio of 13.20. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. Granite Real Estate Inc. Staple has a 1 year low of $46.75 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.