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 Monday . The stock has a 200-day moving average of C$69.95 and traded as low as C$62.25. Granite Real Estate Investment Trust shares last traded at C$63.39, with a volume of 89,868 shares traded.
Wall Street Analyst Weigh In
Several analysts have issued reports on GRT.UN shares. Scotiabank dropped their price objective on Granite Real Estate Investment Trust from C$85.00 to C$75.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. TD Securities dropped their price target on Granite Real Estate Investment Trust from C$87.00 to C$77.00 in a research note on Monday, April 21st. Finally, Raymond James reduced their price objective on shares of Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a research report on Friday, February 28th.
Check Out Our Latest Report on Granite Real Estate Investment Trust
Granite Real Estate Investment Trust Trading Down 0.8 %
The company has a debt-to-equity ratio of 57.74, a quick ratio of 1.61 and a current ratio of 0.35. The firm has a market cap of C$3.94 billion, a price-to-earnings ratio of 17.28 and a beta of 1.18. The business has a fifty day simple moving average of C$64.83 and a 200-day simple moving average of C$69.73.
Granite Real Estate Investment Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 15th. Investors 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 dividend on an annualized basis and a yield of 5.42%. Granite Real Estate Investment Trust's dividend payout ratio (DPR) is presently 90.91%.
Granite Real Estate Investment Trust Company Profile
(
Get Free Report)
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.
Further Reading
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
