Granite Real Estate Inc. Staple (NYSE:GRP.U) Declares $0.20 Monthly Dividend

Posted by Lindsey Winhoffer on Nov 19th, 2024

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report) declared a monthly dividend on Tuesday, November 19th,Wall Street Journal reports. Investors of record on Wednesday, November 27th will be given a dividend of 0.1957 per share on Monday, December 16th. This represents a $2.35 annualized dividend and a yield of 4.43%. The ex-dividend date is Wednesday, November 27th.

Granite Real Estate Inc. Staple Stock Up 0.4 %

Shares of NYSE:GRP.U traded up $0.22 during midday trading on Tuesday, reaching $53.07. 3,538 shares of the company were exchanged, compared to its average volume of 14,031. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. Granite Real Estate Inc. Staple has a fifty-two week low of $47.31 and a fifty-two week high of $65.63. The stock has a fifty day simple moving average of $56.89 and a two-hundred day simple moving average of $53.70. The firm has a market cap of $3.33 billion, a PE ratio of 14.78 and a beta of 1.21.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 10th.

Read Our Latest Research Report on GRP.U

About Granite Real Estate Inc. Staple

(Get Free Report)

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.