Granite Real Estate Inc. Staple (NYSE:GRP.U) Sees Strong Trading Volume – Should You Buy?

Granite Real Estate Inc. Staple (NYSE:GRP.U) saw strong trading volume on Friday . 19,285 shares were traded during trading, an increase of 41% from the previous session’s volume of 13,692 shares.The stock last traded at $45.88 and had previously closed at $45.97.

Analyst Ratings Changes

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

Granite Real Estate Inc. Staple Stock Up 0.9 %

The stock’s fifty day moving average price is $45.54 and its 200 day moving average price is $48.92. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2.86 billion and a P/E ratio of 12.82.

Granite Real Estate Inc. Staple Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.2042 dividend. This represents a $2.45 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date is Wednesday, April 30th. This is a boost from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. Granite Real Estate Inc. Staple’s dividend payout ratio is currently 23.50%.

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.