Granite Real Estate Inc. Staple (NYSE:GRP.U) Sees Unusually-High Trading Volume - Time to Buy?

Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) saw unusually-high trading volume on Friday . Approximately 19,285 shares traded hands during trading, an increase of 41% from the previous session's volume of 13,692 shares.The stock last traded at $45.88 and had previously closed at $45.97.

Analyst Upgrades and Downgrades

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

Granite Real Estate Inc. Staple Stock Performance

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The firm's 50-day moving average price is $45.45 and its two-hundred day moving average price is $48.74. The stock has a market cap of $2.80 billion and a price-to-earnings ratio of 12.57.

Granite Real Estate Inc. Staple Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.2042 per share. The ex-dividend date is Wednesday, April 30th. This is a boost from Granite Real Estate Inc. Staple's previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.44%. Granite Real Estate Inc. Staple's dividend payout ratio (DPR) is currently 23.50%.

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.