Granite Real Estate Inc. Staple (NYSE:GRP.U) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Granite Real Estate Inc. Staple (NYSE:GRP.U) saw unusually-high trading volume on Friday . Approximately 14,684 shares changed hands during trading, an increase of 1% from the previous session’s volume of 14,512 shares.The stock last traded at $46.43 and had previously closed at $46.71.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 16th.

Granite Real Estate Inc. Staple Trading Up 1.7 %

The firm has a market capitalization of $2.94 billion and a PE ratio of 13.18. The stock’s 50-day moving average price is $47.75 and its 200 day moving average price is $52.31. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

Granite Real Estate Inc. Staple Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.1997 per share. This represents a $2.40 annualized dividend and a yield of 5.08%. This is a positive change from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. The ex-dividend date of this dividend was Friday, February 28th. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is presently 32.85%.

About Granite Real Estate Inc. Staple

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.