Granite Real Estate Inc. Staple (NYSE:GRP.U) Upgraded to “Buy” at StockNews.com

Granite Real Estate Inc. Staple (NYSE:GRP.U) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Granite Real Estate Inc. Staple Trading Up 0.5 %

Shares of Granite Real Estate Inc. Staple stock opened at $52.06 on Friday. The company has a 50-day moving average of $53.92 and a two-hundred day moving average of $53.86. Granite Real Estate Inc. Staple has a 12-month low of $45.35 and a 12-month high of $62.55. The company has a current ratio of 1.65, a quick ratio of 0.41 and a debt-to-equity ratio of 0.57. The stock has a market cap of $3.29 billion, a PE ratio of 20.66 and a beta of 1.15.

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.