Granite Real Estate Inc. Staple (NYSE:GRP.U) Raised to Strong-Buy at StockNews.com

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

Granite Real Estate Inc. Staple Price Performance

Shares of GRP.U stock opened at $50.35 on Friday. The firm has a fifty day simple moving average of $57.53 and a 200-day simple moving average of $53.43. The company has a market capitalization of $3.16 billion, a PE ratio of 19.98 and a beta of 1.21. Granite Real Estate Inc. Staple has a twelve month low of $45.35 and a twelve month high of $65.63. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.52.

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.