Granite Real Estate Inc. Staple (NYSE:GRP.U) Upgraded at 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 Sunday.

Granite Real Estate Inc. Staple Stock Performance

GRP.U stock opened at $54.61 on Friday. The company has a market cap of $3.43 billion, a P/E ratio of 15.25 and a beta of 1.21. The business’s fifty day moving average is $57.21 and its 200-day moving average is $53.52. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.52. Granite Real Estate Inc. Staple has a twelve month low of $45.60 and a twelve month 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.