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

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 report issued on Thursday.

Granite Real Estate Inc. Staple Trading Up 1.5 %

Granite Real Estate Inc. Staple stock opened at $48.27 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The firm’s 50 day moving average price is $51.22 and its 200-day moving average price is $53.86. Granite Real Estate Inc. Staple has a 1 year low of $46.75 and a 1 year high of $65.63. The stock has a market cap of $3.03 billion and a P/E ratio of 13.48.

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.