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 equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Granite Real Estate Inc. Staple Price Performance

Shares of GRP.U opened at $50.35 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average is $57.53 and its two-hundred day moving average is $53.43. Granite Real Estate Inc. Staple has a twelve month low of $45.35 and a twelve month high of $65.63. The firm has a market capitalization of $3.16 billion, a PE ratio of 19.98 and a beta of 1.21.

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.