Granite Real Estate Inc. (NYSE:GRP.U) Declares $0.20 Monthly Dividend

Granite Real Estate Inc. (NYSE:GRP.U) declared a monthly dividend on Tuesday, August 19th, Wall Street Journal reports. Investors of record on Friday, August 29th will be given a dividend of 0.2049 per share on Monday, September 15th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, August 29th.

Granite Real Estate Stock Up 1.3%

NYSE GRP.U opened at $57.3240 on Thursday. The business has a fifty day moving average price of $53.10 and a 200 day moving average price of $49.07. Granite Real Estate has a one year low of $38.37 and a one year high of $65.63. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Granite Real Estate from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 9th.

Granite Real Estate Company Profile

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.