Shares of Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$68.21 and traded as high as C$70.55. Granite Real Estate Investment Trust shares last traded at C$70.30, with a volume of 115,623 shares changing hands.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on GRT.UN. Raymond James lowered their price objective on Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a research report on Friday, February 28th. Scotiabank lowered their price target on shares of Granite Real Estate Investment Trust from C$85.00 to C$75.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Finally, TD Securities dropped their price target on shares of Granite Real Estate Investment Trust from C$87.00 to C$77.00 in a research report on Monday, April 21st.
Check Out Our Latest Analysis on GRT.UN
Granite Real Estate Investment Trust Stock Down 0.5%
The company has a quick ratio of 1.61, a current ratio of 0.35 and a debt-to-equity ratio of 57.74. The company's fifty day moving average price is C$64.21 and its 200-day moving average price is C$68.07. The stock has a market capitalization of C$4.39 billion, a PE ratio of 19.26 and a beta of 1.18.
Granite Real Estate Investment Trust Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a $0.2833 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $3.40 annualized dividend and a yield of 4.86%. Granite Real Estate Investment Trust's dividend payout ratio (DPR) is presently 90.91%.
About Granite Real Estate Investment Trust
(
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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.
Further Reading
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