Granite Real Estate Inc. Staple (NYSE:GRP.U) Sees Unusually-High Trading Volume - What's Next?

Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 30,570 shares changed hands during trading, an increase of 109% from the previous session's volume of 14,626 shares.The stock last traded at $45.27 and had previously closed at $44.56.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a research report on Thursday, January 16th.

Granite Real Estate Inc. Staple Stock Performance

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 stock has a market cap of $2.86 billion and a PE ratio of 12.84. The firm has a 50 day moving average of $45.63 and a two-hundred day moving average of $49.19.

Granite Real Estate Inc. Staple Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.2042 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.45 dividend on an annualized basis and a yield of 5.33%. This is a boost from Granite Real Estate Inc. Staple's previous monthly dividend of $0.20. Granite Real Estate Inc. Staple's dividend payout ratio is currently 28.06%.

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.