TSE:GRT.UN

Granite Real Estate Investment Trust Stock Forecast, Price & News

C$97.80

-1.17 (-1.18%)

(As of 01/18/2022 12:00 AM ET)

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Today's Range: C$97.46
▼
C$98.77
50-Day Range: C$97.80
▼
C$105.68
52-Week Range: C$71.66
▼
C$105.79

Volume: 113,525 shs
Average Volume: 128,717 shs
Market Capitalization: C$6.42 billion

P/E Ratio: 5.65
Dividend Yield: 3.14%
Beta: N/A

30 days | 90 days | 365 days | Advanced Chart

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About Granite Real Estate Investment Trust

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.

Granite Real Estate Investment Trust (TSE:GRT.UN) Receives Average Rating of "Buy" from Analysts
January 15, 2022 | americanbankingnews.com

Get Monthly Passive Income From 2 Canadian REITs
January 11, 2022 | msn.com

Granite Real Estate Investment Trust (TSE:GRT.UN) Sets New 52-Week High at $104.28
December 29, 2021 | americanbankingnews.com

2 Great TSX Stocks You Can Buy for $100
December 22, 2021 | fool.ca

3 of the Best Canadian REITs for 2022
December 6, 2021 | msn.com

Retirees: 3 Super Dividend Stocks to Own for Passive Income
November 15, 2021 | msn.com

What Kind Of Shareholders Hold The Majority In Granite Real Estate Investment Trust's (TSE:GRT.UN) Shares?
August 4, 2021 | finance.yahoo.com

Dividend Income Investors: 5 Top Canadian Stocks to Buy Now
July 28, 2021 | fool.ca

The 4 Best Canadian Value Stocks to Buy Right Now
July 21, 2021 | msn.com

Greater Dayton industrial property sells for $18.6M
July 3, 2021 | bizjournals.com

3 Cheap Stocks to Mimic Expensive Growth Stocks
June 29, 2021 | fool.ca

3 of the Safest Dividend-Growth Stocks on the TSX Today
June 21, 2021 | msn.com

Canada-based property firm plans Fort Worth shipping hub
June 7, 2021 | msn.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: REIT - Industrial
Sub-Industry: N/A
Sector: Real Estate
Current Symbol: TSE:GRT.UN
Previous Symbol
CUSIP: N/A
CIK: N/A
Web: www.graniterealestate.com
Phone: 647-925-7500
Fax: N/A
Employees: 44
Year Founded: N/A

Sales & Book Value

Annual Sales: C$381.42 million
Price / Sales: 16.84
Cash Flow: C$11.53 per share
Price / Cash Flow: 8.48
Book Value: C$76.54 per share
Price / Book: 1.28

Profitability

EPS (Most Recent Fiscal Year): N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 49.46
Current Ratio: 6.08
Quick Ratio: 5.72

Price-To-Earnings

Trailing P/E Ratio: 5.65
Forward P/E Ratio: 27.86
P/E Growth: N/A

Miscellaneous

Outstanding Shares: 65,694,000
Free Float: N/A
Market Cap: C$6.42 billion
Optionable: Not Optionable

MarketRank^™

Overall MarketRank^™

1.63 out of 5 stars

1.5 Analyst's Opinion

Consensus Rating
Granite Real Estate Investment Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$105.38, Granite Real Estate Investment Trust has a forecasted upside of 7.7% from its current price of C$97.80.
Amount of Analyst Coverage
Granite Real Estate Investment Trust has only been the subject of 4 research reports in the past 90 days.

3.7 Community Rank

Outperform Votes
Granite Real Estate Investment Trust has received 164 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Granite Real Estate Investment Trust has received 134 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Granite Real Estate Investment Trust has received 55.03% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Granite Real Estate Investment Trust and other stocks. Vote “Outperform” if you believe GRT.UN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GRT.UN will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Granite Real Estate Investment Trust pays a meaningful dividend of 3.14%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Granite Real Estate Investment Trust does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Granite Real Estate Investment Trust is 17.25%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Granite Real Estate Investment Trust insiders have not sold or bought any company stock.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Granite Real Estate Investment Trust is 5.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Granite Real Estate Investment Trust is 5.65, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 39.22.
Price to Book Value per Share Ratio
Granite Real Estate Investment Trust has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Granite Real Estate Investment Trust (TSE:GRT.UN) Frequently Asked Questions

Is Granite Real Estate Investment Trust a buy right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Real Estate Investment Trust in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street 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.
How has Granite Real Estate Investment Trust's stock been impacted by COVID-19 (Coronavirus)?: Granite Real Estate Investment Trust's stock was trading at C$63.29 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GRT.UN stock has increased by 54.5% and is now trading at C$97.80.
View which stocks have been most impacted by COVID-19.
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 announced a monthly dividend on Thursday, July 29th. Investors of record on Monday, August 16th will be given a dividend of 0.25 per share on Monday, August 16th. This represents a $3.00 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, July 29th.
View Granite Real Estate Investment Trust's dividend history.
Is Granite Real Estate Investment Trust a good dividend stock?: Granite Real Estate Investment Trust pays an annual dividend of C$2.98 per share and currently has a dividend yield of 3.14%. The dividend payout ratio of Granite Real Estate Investment Trust is 17.25%. This payout ratio is at a healthy, sustainable level, below 75%.
View Granite Real Estate Investment Trust's dividend history.
What price target have analysts set for GRT.UN?: 7 analysts have issued 12-month price targets for Granite Real Estate Investment Trust's stock. Their forecasts range from C$96.00 to C$115.00. On average, they expect Granite Real Estate Investment Trust's stock price to reach C$105.38 in the next twelve months. This suggests a possible upside of 7.7% 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.
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
Who are some of Granite Real Estate Investment Trust's key competitors?: Some companies that are related to Granite Real Estate Investment Trust include SEGRO (SGRO), Tritax Big Box REIT (BBOX), Summit Industrial Income REIT (SMU.UN), Dream Industrial Real Estate Invest Trst (DIR.UN), Big Yellow Group (BYG), Safestore (SAFE), WPT Industrial Real Estate Investment (WIR.U), UK Commercial Property REIT (UKCM), Warehouse REIT (WHR), Hansteen (HSTN), Big Yellow Group (BYLOF), BWP Trust (BWP), Centuria Industrial REIT (CIP), FIBRA Prologis (FBBPF) and National Storage REIT (NSR).
View all of GRT.UN's competitors.
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$97.80.
How much money does Granite Real Estate Investment Trust make?: Granite Real Estate Investment Trust has a market capitalization of C$6.42 billion and generates C$381.42 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.
What is Granite Real Estate Investment Trust's official website?: The official website for Granite Real Estate Investment Trust is www.graniterealestate.com.
How can I contact Granite Real Estate Investment Trust?: The company can be reached via phone at 647-925-7500.

This page was last updated on 1/19/2022 by MarketBeat.com Staff

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Granite Real Estate Investment Trust Stock Forecast, Price & News

About Granite Real Estate Investment Trust

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

MarketRank™

Overall MarketRank™

1.5 Analyst's Opinion

3.7 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

1.7 Dividend Strength

0.0 Company Ownership

1.3 Earnings and Valuation

Granite Real Estate Investment Trust (TSE:GRT.UN) Frequently Asked Questions

Is Granite Real Estate Investment Trust a buy right now?

How has Granite Real Estate Investment Trust's stock been impacted by COVID-19 (Coronavirus)?

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

Is Granite Real Estate Investment Trust a good dividend stock?

What price target have analysts set for GRT.UN?

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

Who are some of Granite Real Estate Investment Trust's key competitors?

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

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

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

How much money does Granite Real Estate Investment Trust make?

How many employees does Granite Real Estate Investment Trust have?

What is Granite Real Estate Investment Trust's official website?

How can I contact Granite Real Estate Investment Trust?

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MarketRank^™

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