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

Granite Real Estate Inc. Staple (NYSE:GRP.U) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

Granite Real Estate Inc. Staple Stock Down 1.2 %

GRP.U opened at $48.49 on Wednesday. Granite Real Estate Inc. Staple has a fifty-two week low of $47.31 and a fifty-two week high of $65.63. The firm has a market capitalization of $3.04 billion and a P/E ratio of 13.54. The company’s 50-day moving average is $51.59 and its 200 day moving average is $53.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

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.