G
ranite Real Estate Inc.'s stock price declined 2.4% on Friday, with a low of $52.36 and a final trade at $51.71. The company's average session volume decreased by 91%, with only 1,055 shares traded during mid-day trading.

    Wall Street analysts are forecasting growth for Granite Real Estate, but one analyst downgraded the stock from "strong-buy" to "buy". The company has a market cap of $3.20 billion and a PE ratio of 14.40.

    Granite Real Estate recently increased its dividend payout, with a monthly dividend of $0.2084 paid on July 15th to shareholders who owned shares by June 30th. This represents an annualized dividend of $2.50 and a yield of 4.80%.

    The company's dividend payout ratio is currently 16.57%. Granite Real Estate Investment Trust owns and manages predominantly industrial properties in Canada, the United States, Mexico, and Europe.

    Its services include sourcing and real estate acquisition, site development, and long-term leasing. The company has a quick ratio of 1.25, a current ratio of 1.25, and a debt-to-equity ratio of 0.54.