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AMC   12.43 (-2.74%)
PFE   52.20 (+1.08%)
PYPL   73.11 (-1.73%)
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TSE:GRT.UN

Granite Real Estate Investment Trust Stock Forecast, Price & News

C$78.37
-0.40 (-0.51%)
(As of 07/6/2022 02:27 PM ET)
Add
Compare
Today's Range
C$78.03
C$79.61
50-Day Range
C$76.40
C$98.13
52-Week Range
C$75.91
C$105.79
Volume
48,827 shs
Average Volume
171,576 shs
Market Capitalization
C$5.16 billion
P/E Ratio
3.30
Dividend Yield
3.94%
Price Target
C$107.88

Granite Real Estate Investment Trust MarketRank™ Forecast

Analyst Rating
Buy
3.17 Rating Score
Upside/​Downside
37.9% Upside
C$107.88 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.36 out of 5 stars

30 days | 90 days | 365 days | Advanced Chart

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Granite Real Estate Investment Trust logo

About Granite Real Estate Investment Trust (TSE:GRT.UN) Stock

Granite is a Canadian based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area.

GRT.UN Stock News Headlines

Economic and National Security Threats Create Lithium Bonanza
The U.S. and China are fighting for new sources of lithium – the linchpin of clean energy. Lithium mining operations have been declared a national emergency. Biden has ordered America's lithium supply chain to be strengthened and investors in lithium exploration companies are rejoicing. We may be entering a decades-long lithium bull run. You don't want to miss it.
Better Buy: Real Estate or REITs?
Economic and National Security Threats Create Lithium Bonanza
The U.S. and China are fighting for new sources of lithium – the linchpin of clean energy. Lithium mining operations have been declared a national emergency. Biden has ordered America's lithium supply chain to be strengthened and investors in lithium exploration companies are rejoicing. We may be entering a decades-long lithium bull run. You don't want to miss it.
3 TSX Dividend Stocks Better Than a Rental Property
2 Great TSX Stocks You Can Buy for $100
3 of the Best Canadian REITs for 2022
Granite REIT Announces C$368 Million of...
See More Headlines

Industry, Sector and Symbol

Industry
REIT - Industrial
Sub-Industry
N/A
Current Symbol
TSE:GRT.UN
CIK
N/A
Fax
N/A
Employees
44
Year Founded
N/A

Company Calendar

Ex-Dividend for 6/15 Dividend
5/30/2022
Dividend Payable
6/15/2022
Today
7/06/2022

Price Target and Rating

Average Stock Price Forecast
C$107.88
High Stock Price Forecast
C$115.00
Low Stock Price Forecast
C$96.00
Forecasted Upside/Downside
+37.6%
Consensus Rating
Buy
Rating Score (0-4)
3.16666666666667
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$406.14 million
Cash Flow
C$3.44 per share
Book Value
C$86.83 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.16 billion
Optionable
Not Optionable
Beta
N/A














Granite Real Estate Investment Trust Frequently Asked Questions

Should I buy or sell Granite Real Estate Investment Trust stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Real Estate Investment Trust in the last twelve months. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Granite Real Estate Investment Trust stock.
View analyst ratings for Granite Real Estate Investment Trust
or view top-rated stocks.

What is Granite Real Estate Investment Trust's stock price forecast for 2022?

6 equities research analysts have issued 1-year price targets for Granite Real Estate Investment Trust's shares. Their GRT.UN stock forecasts range from C$96.00 to C$115.00. On average, they predict Granite Real Estate Investment Trust's share price to reach C$107.88 in the next year. This suggests a possible upside of 37.7% from the stock's current price.
View analysts' price targets for Granite Real Estate Investment Trust
or view top-rated stocks among Wall Street analysts.

How has Granite Real Estate Investment Trust's stock performed in 2022?

Granite Real Estate Investment Trust's stock was trading at C$105.40 on January 1st, 2022. Since then, GRT.UN shares have decreased by 25.7% and is now trading at C$78.33.
View the best growth stocks for 2022 here
.

How often does Granite Real Estate Investment Trust pay dividends? What is the dividend yield for Granite Real Estate Investment Trust?

Granite Real Estate Investment Trust declared a monthly dividend on Monday, May 30th. Shareholders of record on Wednesday, June 15th will be given a dividend of 0.2583 per share on Wednesday, June 15th. This represents a $3.10 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Monday, May 30th. This is a positive change from Granite Real Estate Investment Trust's previous monthly dividend of C$0.25.
View Granite Real Estate Investment Trust's dividend history
.

Is Granite Real Estate Investment Trust a good dividend stock?

Granite Real Estate Investment Trust(TSE:GRT.UN) pays an annual dividend of C$3.03 per share and currently has a dividend yield of 3.94%. The dividend payout ratio of Granite Real Estate Investment Trust is 12.76%. This payout ratio is at a healthy, sustainable level, below 75%.
View Granite Real Estate Investment Trust's dividend history.

Who are Granite Real Estate Investment Trust's key executives?

Granite Real Estate Investment Trust's management team includes the following people:
  • Mr. Ilias Konstantopoulos, Chief Financial Officer
  • Mr. Kevan S. Gorrie, Pres, CEO & Director (Age 50)
  • Mr. Lyle Strachan, Exec. VP of Fin. of the Racing & Gaming Division
  • Mr. Don Mathew, VP, Real Estate Investment
  • Mr. George Haines, Interim Pres of Santa Anita Park & Golden Gate Fields

What is Granite Real Estate Investment Trust's stock symbol?

Granite Real Estate Investment Trust trades on the Toronto Stock Exchange (TSX) under the ticker symbol "GRT.UN."

How do I buy shares of Granite Real Estate Investment Trust?

Shares of GRT.UN and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Granite Real Estate Investment Trust's stock price today?

One share of GRT.UN stock can currently be purchased for approximately C$78.33.

How much money does Granite Real Estate Investment Trust make?

Granite Real Estate Investment Trust (TSE:GRT.UN) has a market capitalization of C$5.16 billion and generates C$406.14 million in revenue each year.

How many employees does Granite Real Estate Investment Trust have?

Granite Real Estate Investment Trust employs 44 workers across the globe.

How can I contact Granite Real Estate Investment Trust?

The official website for Granite Real Estate Investment Trust is www.graniterealestate.com. The company can be reached via phone at 647-925-7500.

This page (TSE:GRT.UN) was last updated on 7/6/2022 by MarketBeat.com Staff

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