Zacks Investment Research downgraded shares of GRANITE RE INC (GRP) from N/A to NEUTRAL on October 05, 2012, with a target price of $38.10.
Granite Real Estate Inc. acquires, develops, constructs, leases, manages and owns industrial rental portfolio of properties in North America and Europe. It primarily leases its properties to Magna and its automotive units. Properties held by Granite primarily includes: heavy industrial manufacturing facilities, light industrial properties, corporate offices, product development and engineering centers, and test facilities. Granite Real Estate Inc., formerly known as MI Developments Inc. is headquartered in Toronto, Canada.
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