Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) declared a monthly dividend on Wednesday, April 17th, Zacks reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.203 per share on Wednesday, May 15th. This represents a $2.44 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Monday, April 29th.
Granite Real Estate Inc. Staple Price Performance
Shares of GRP.U traded up $0.40 during trading hours on Friday, hitting $50.62. 276 shares of the stock were exchanged, compared to its average volume of 10,932. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.41 and a current ratio of 0.41. The stock's 50-day moving average price is $55.09 and its two-hundred day moving average price is $53.92. Granite Real Estate Inc. Staple has a 12-month low of $45.35 and a 12-month high of $63.99. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 31.84 and a beta of 1.11.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of Granite Real Estate Inc. Staple from a "buy" rating to a "hold" rating in a research note on Friday, March 1st.
Check Out Our Latest Stock Analysis on GRP.U
About Granite Real Estate Inc. Staple
(
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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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