Granite Real Estate Inc. Staple (NYSE:GRP.U) Downgraded to Buy Rating by StockNews.com

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

Granite Real Estate Inc. Staple Trading Up 6.0 %

NYSE:GRP.U opened at $53.60 on Friday. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 20.07 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.37 and a current ratio of 0.37. Granite Real Estate Inc. Staple has a 1 year low of $45.60 and a 1 year high of $65.63. The business has a fifty day moving average of $57.55 and a 200-day moving average of $53.43.

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.