Granite Real Estate Investment Trust (TSE:GRT.UN) Receives Consensus Rating of “Buy” from Analysts
Granite Real Estate Investment Trust (TSE:GRT.UN – Get Rating) (NASDAQ:GRP.U) has been given an average rating of “Buy” by the nine analysts that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$102.86.
Several equities analysts have commented on GRT.UN shares. National Bankshares lowered their target price on shares of Granite Real Estate Investment Trust from C$115.00 to C$85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 20th. CIBC lowered their price target on Granite Real Estate Investment Trust from C$106.00 to C$102.00 in a research report on Monday, June 27th. Finally, Scotiabank reduced their target price on shares in Granite Real Estate Investment Trust from C$110.00 to C$97.00 in a research note on Thursday, July 21st.
Granite Real Estate Investment Trust Price Performance
GRT.UN opened at C$80.16 on Friday. The stock has a fifty-day moving average of C$80.43 and a 200-day moving average of C$89.16. The firm has a market capitalization of C$5.28 billion and a P/E ratio of 3.37. Granite Real Estate Investment Trust has a 12-month low of C$73.34 and a 12-month high of C$105.79. The company has a quick ratio of 1.54, a current ratio of 1.96 and a debt-to-equity ratio of 43.18.
Granite Real Estate Investment Trust Increases Dividend
Ad Weekly Investor Alerts
Will These 5 Stocks Explode?
Searching for the next Microcap stocks with disruptive potential? These companies will release their quarterly earnings very soon… And we have found 5 microcap stocks that could see a spike in share price.
The firm also recently announced a monthly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 15th were given a dividend of $0.2583 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Monday, May 30th. This is a positive change from Granite Real Estate Investment Trust’s previous monthly dividend of $0.25. Granite Real Estate Investment Trust’s dividend payout ratio is currently 13.04%.
About Granite Real Estate Investment Trust
(Get Rating)
Granite is a Canadian based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Granite Real Estate Investment Trust, 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 Investment Trust wasn’t on the list.
While Granite Real Estate Investment Trust currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here