Granite Real Estate Inc. Staple (NYSE:GRP.U) Shares Gap Up – What’s Next?

Posted by Stacy Sanders on Oct 11th, 2024

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $56.25, but opened at $57.60. Granite Real Estate Inc. Staple shares last traded at $58.01, with a volume of 724 shares traded.

Granite Real Estate Inc. Staple Stock Down 2.2 %

The firm has a 50 day moving average of $56.71 and a two-hundred day moving average of $53.44. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.52.

Granite Real Estate Inc. Staple Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a dividend of $0.204 per share. This is an increase from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. The ex-dividend date is Friday, September 27th. This represents a $2.45 annualized dividend and a yield of 4.37%. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is presently 91.39%.

Granite Real Estate Inc. Staple Company Profile

(Get Free Report)

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.