Granite Real Estate Inc. (NYSE:GRP.U – Get Free Report) shares dropped 1.1% during mid-day trading on Friday . The stock traded as low as $58.84 and last traded at $59.00. Approximately 12,049 shares changed hands during trading, The stock had previously closed at $59.64.
Granite Real Estate Price Performance
The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average price is $57.76 and its 200 day moving average price is $56.31.
Granite Real Estate Company Profile
Granite Real Estate (NYSE:GRP.U) is a publicly traded real estate investment trust that owns and manages a diversified portfolio of commercial properties across the United States. The company specializes in acquiring, developing and operating industrial, office, retail and multi-family assets, with an emphasis on long-term net-lease agreements. Through its disciplined investment approach, Granite Real Estate seeks to generate stable, recurring income by partnering with creditworthy tenants under triple-net lease structures.
The trust’s holdings include modern warehousing and distribution facilities, professional office buildings and multi-tenant retail centers located in key U.S.
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