Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U had its price objective lifted by investment analysts at CIBC from C$74.00 to C$85.00 in a research report issued on Wednesday,BayStreet.CA reports. CIBC's price objective points to a potential upside of 20.77% from the company's previous close.
A number of other brokerages have also recently issued reports on GRT.UN. Scotiabank lowered their price objective on Granite Real Estate Investment Trust from C$85.00 to C$75.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. TD Securities reduced their price objective on shares of Granite Real Estate Investment Trust from C$87.00 to C$77.00 in a research note on Monday, April 21st. Finally, Raymond James cut their price target on shares of Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a report on Friday, February 28th.
View Our Latest Stock Analysis on GRT.UN
Granite Real Estate Investment Trust Stock Down 1.7%
Shares of GRT.UN traded down C$1.19 on Wednesday, reaching C$70.38. The stock had a trading volume of 38,871 shares, compared to its average volume of 118,345. The company has a debt-to-equity ratio of 57.74, a quick ratio of 1.61 and a current ratio of 0.35. Granite Real Estate Investment Trust has a 12-month low of C$55.25 and a 12-month high of C$82.88. The firm has a market capitalization of C$4.42 billion, a price-to-earnings ratio of 19.39 and a beta of 1.18. The company has a 50-day simple moving average of C$65.27 and a 200-day simple moving average of C$67.89.
Granite Real Estate Investment Trust Company Profile
(
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Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, and management of primarily industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities.
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