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 StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Granite Real Estate Inc. Staple Stock Performance

Shares of GRP.U opened at $48.27 on Thursday. The firm has a market capitalization of $3.03 billion and a P/E ratio of 13.48. 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 has a one year low of $46.75 and a one year high of $65.63. The business has a fifty day moving average of $51.22 and a 200 day moving average of $53.86.

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.