Granite Real Estate Inc. (NYSE:GRP.U - Get Free Report) announced a monthly dividend on Friday, July 18th, Wall Street Journal reports. Shareholders of record on Thursday, July 31st will be given a dividend of 0.206 per share on Friday, August 15th. This represents a $2.47 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Thursday, July 31st.
Granite Real Estate Stock Performance
Shares of GRP.U stock traded up $0.11 during trading hours on Friday, reaching $52.47. The company had a trading volume of 6,465 shares, compared to its average volume of 11,530. The business has a fifty day moving average price of $50.67 and a 200-day moving average price of $48.01. Granite Real Estate has a one year low of $38.37 and a one year high of $65.63. The firm has a market cap of $3.22 billion and a PE ratio of 14.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.25 and a current ratio of 1.25.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of Granite Real Estate from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th.
Check Out Our Latest Stock Analysis on GRP.U
Granite Real Estate Company Profile
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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.
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