Granite Real Estate Inc. Staple (NYSE:GRP.U) Shares Up 1.1%

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Granite Real Estate Inc. Staple (NYSE:GRP.UGet Rating) shares shot up 1.1% on Tuesday . The company traded as high as $60.27 and last traded at $59.38. 7,220 shares were traded during mid-day trading, The stock had previously closed at $58.76.

Separately, StockNews.com raised Granite Real Estate Inc. Staple from a “hold” rating to a “buy” rating in a research note on Tuesday, May 24th.

The stock has a 50 day moving average price of $70.24.

Granite Real Estate Inc. Staple (NYSE:GRP.UGet Rating) last released its earnings results on Wednesday, May 11th. The company reported $5.97 earnings per share for the quarter, beating the consensus estimate of $0.82 by $5.15. The business had revenue of $85.73 million for the quarter.

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