Granite Real Estate Inc. Staple (NYSE:GRP.U) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Rating) in a research report released on Thursday. The firm issued a hold rating on the stock.

Granite Real Estate Inc. Staple Price Performance

Shares of NYSE:GRP.U opened at $60.68 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $3.87 billion, a PE ratio of 30.80 and a beta of 1.05. Granite Real Estate Inc. Staple has a twelve month low of $45.83 and a twelve month high of $80.79. The company has a 50-day moving average price of $59.92 and a two-hundred day moving average price of $55.76.

Granite Real Estate Inc. Staple Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were given a $0.20 dividend. This is a positive change from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Monday, February 27th. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is 115.74%.

About Granite Real Estate Inc. Staple

(Get Rating)

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.