Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report) announced a monthly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Tuesday, April 30th will be paid 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 is Monday, April 29th.
Granite Real Estate Inc. Staple Price Performance
Granite Real Estate Inc. Staple stock opened at $50.61 on Friday. Granite Real Estate Inc. Staple has a 12 month low of $45.35 and a 12 month high of $62.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.41 and a quick ratio of 0.41. The business has a 50 day simple moving average of $54.59 and a 200-day simple moving average of $53.88. The stock has a market capitalization of $3.20 billion, a PE ratio of 31.83 and a beta of 1.11.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Granite Real Estate Inc. Staple from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.
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.
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