Shares of Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$69.32 and traded as low as C$61.77. Granite Real Estate Investment Trust shares last traded at C$62.08, with a volume of 57,320 shares trading hands.
Analyst Upgrades and Downgrades
GRT.UN has been the subject of several recent research reports. Raymond James reduced their target price on shares of Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a report on Friday, February 28th. TD Securities reduced their price objective on Granite Real Estate Investment Trust from C$87.00 to C$77.00 in a research note on Monday, April 21st. Finally, Scotiabank decreased 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 report on Tuesday, April 8th.
Get Our Latest Report on GRT.UN
Granite Real Estate Investment Trust Stock Performance
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's 50-day moving average price is C$64.23 and its two-hundred day moving average price is C$69.02. The stock has a market cap of C$4.16 billion, a price-to-earnings ratio of 18.27 and a beta of 1.18.
Granite Real Estate Investment Trust Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.2833 per share. The ex-dividend date was Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 5.13%. Granite Real Estate Investment Trust's dividend payout ratio is currently 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.
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