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 equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Granite Real Estate Inc. Staple Stock Performance

GRP.U opened at $47.25 on Thursday. The firm has a market capitalization of $2.96 billion and a P/E ratio of 13.20. The stock’s 50 day moving average price is $50.98 and its two-hundred day moving average price is $53.78. 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 12-month low of $46.75 and a 12-month high of $65.63.

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.