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AMD   102.76 (+4.78%)
T   15.01 (+0.94%)
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TSE:GRT.UN

Granite Real Estate Investment Trust (GRT.UN) Stock Forecast, Price & News

C$72.07
+1.47 (+2.08%)
(As of 04:25 PM ET)
Compare
Today's Range
C$70.57
C$72.08
50-Day Range
C$70.60
C$79.85
52-Week Range
C$63.29
C$88.58
Volume
56,057 shs
Average Volume
80,199 shs
Market Capitalization
C$4.59 billion
P/E Ratio
N/A
Dividend Yield
4.44%
Price Target
C$93.88

Granite Real Estate Investment Trust MarketRank™ Forecast

Analyst Rating
Buy
3.33 Rating Score
Upside/​Downside
30.3% Upside
C$93.88 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.44mentions of Granite Real Estate Investment Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars


GRT.UN stock 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 Price History

GRT.UN Stock News Headlines

How to Invest $10,000 Today for Decades of Safe Passive Income
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Granite REIT Declares Distribution for August 2023
RBC Capital Keeps a Buy Rating on Granite Real Estate (GRT.UN)
Granite REIT Declares Distribution for July 2023
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
1 Value Stock Every Canadian Investor Should Own
Forget the P/E Ratio: This is What Investors Need to Know
2 Stocks to Invest in U.S. Real Estate
See More Headlines
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GRT.UN Company Calendar

Ex-Dividend for 8/15 Dividend
7/28/2023
Dividend Payable
8/15/2023
Ex-Dividend for 9/15 Dividend
8/30/2023
Dividend Payable
9/15/2023
Today
9/28/2023

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

Price Target and Rating

Average Stock Price Forecast
C$93.88
High Stock Price Forecast
C$97.00
Low Stock Price Forecast
C$90.00
Forecasted Upside/Downside
+31.2%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
6 Analysts

Profitability

Net Income
C$-147,380,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$497.16 million
Cash Flow
C$4.02 per share
Book Value
C$84.17 per share

Miscellaneous

Free Float
N/A
Market Cap
C$4.56 billion
Optionable
Not Optionable
Beta
1.03
12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

  • Mr. Ilias Konstantopoulos
    Chief Financial Officer
  • Mr. Kevan S. Gorrie (Age 50)
    Pres, CEO & Director
  • 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













GRT.UN Stock - 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 4 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GRT.UN shares.
View GRT.UN analyst ratings
or view top-rated stocks.

What is Granite Real Estate Investment Trust's stock price forecast for 2023?

6 Wall Street analysts have issued twelve-month target prices for Granite Real Estate Investment Trust's stock. Their GRT.UN share price forecasts range from C$90.00 to C$97.00. On average, they expect the company's stock price to reach C$93.88 in the next year. This suggests a possible upside of 31.2% from the stock's current price.
View analysts price targets for GRT.UN
or view top-rated stocks among Wall Street analysts.

How have GRT.UN shares performed in 2023?

Granite Real Estate Investment Trust's stock was trading at C$69.08 at the start of the year. Since then, GRT.UN stock has increased by 3.6% and is now trading at C$71.56.
View the best growth stocks for 2023 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 Wednesday, August 30th. Investors of record on Friday, September 15th will be paid a dividend of 0.2667 per share on Friday, September 15th. This represents a $3.20 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Wednesday, August 30th.
Read our dividend analysis for GRT.UN
.

Is Granite Real Estate Investment Trust a good dividend stock?

Granite Real Estate Investment Trust (TSE:GRT.UN) pays an annual dividend of C$3.20 per share and currently has a dividend yield of 4.25%. GRT.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for GRT.UN.

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 stock 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$71.56.

How much money does Granite Real Estate Investment Trust make?

Granite Real Estate Investment Trust (TSE:GRT.UN) has a market capitalization of C$4.56 billion and generates C$497.16 million in revenue each year. The company earns C$-147,380,000.00 in net income (profit) each year or C($2.11) on an earnings per share basis.

How can I contact Granite Real Estate Investment Trust?

The official website for the company is www.graniterealestate.com. The company can be reached via phone at 647-925-7500.

This page (TSE:GRT.UN) was last updated on 9/28/2023 by MarketBeat.com Staff

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