Granite Real Estate (NYSE:GRP.U) Reaches New 12-Month High - Still a Buy?

Granite Real Estate Inc. (NYSE:GRP.U - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $59.59 and last traded at $59.8850, with a volume of 1688 shares changing hands. The stock had previously closed at $59.38.Get Granite Real Estate alerts:Granite Real Estate Stock Up 0.7%The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $3.62 billion and a price-to-earnings ratio of 17.75. The business's 50 day moving average price is $55.65 and its 200 day moving average price is $54.76. Granite Real Estate Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Granite Real EstateThe Fed Pivot Signal Smart Money’s Been Waiting ForWall Street Stock picker Names #1 Stock of 2026Do not delete, read immediatelyA month before the crashHow Long Will $1M Last in Retirement?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Granite Real Estate Right Now?Before you consider Granite Real Estate, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Granite Real Estate wasn't on the list.While Granite Real Estate currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here