Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U's share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$68.43 and traded as low as C$66.12. Granite Real Estate Investment Trust shares last traded at C$66.63, with a volume of 74,884 shares changing hands.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Raymond James reduced their price objective on Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a research note on Friday, February 28th. TD Securities decreased their price objective on shares of Granite Real Estate Investment Trust from C$87.00 to C$77.00 in a report on Monday, April 21st. Finally, Scotiabank cut their price objective on shares of Granite Real Estate Investment Trust from C$85.00 to C$75.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th.
Check Out Our Latest Stock Analysis on GRT.UN
Granite Real Estate Investment Trust Trading Up 0.9%
The firm has a market capitalization of C$4.31 billion, a PE ratio of 18.94 and a beta of 1.18. The business has a fifty day moving average price of C$64.05 and a two-hundred day moving average price of C$68.28. The company has a current ratio of 0.35, a quick ratio of 1.61 and a debt-to-equity ratio of 57.74.
Granite Real Estate Investment Trust Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.2833 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.95%. Granite Real Estate Investment Trust's payout ratio is presently 90.91%.
About Granite Real Estate Investment Trust
(
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Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 143 investment properties representing approximately 62.9 million square feet of leasable area.
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