Granite Real Estate Inc. Staple (NYSE:GRP.U) Hits New 12-Month Low – Should You Sell?

Posted by George Bondi on Mar 18th, 2025

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $44.00 and last traded at $47.50, with a volume of 2873 shares traded. The stock had previously closed at $47.80.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on GRP.U

Granite Real Estate Inc. Staple Stock Down 0.7 %

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 firm’s 50 day moving average is $47.72 and its two-hundred day moving average is $52.21. The firm has a market capitalization of $2.95 billion and a P/E ratio of 13.25.

Granite Real Estate Inc. Staple Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.1997 per share. This is an increase from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. The ex-dividend date was Friday, February 28th. This represents a $2.40 annualized dividend and a yield of 5.05%. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is currently 32.85%.

About Granite Real Estate Inc. Staple

(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.