TSE:GRT.UN Granite Real Estate Investment Trust (GRT.UN) Stock Price, News & Analysis C$73.51 +0.11 (+0.15%) (As of 07/26/2024 ET) Add Compare Share Share Today's RangeC$73.51▼C$74.1450-Day RangeC$65.13▼C$75.0152-Week RangeC$62.72▼C$80.81Volume42,320 shsAverage Volume83,785 shsMarket CapitalizationC$4.63 billionP/E Ratio21.56Dividend Yield4.49%Price TargetC$87.70 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlinesStock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlines Get Granite Real Estate Investment Trust alerts: Email Address Granite Real Estate Investment Trust MarketRank™ Stock AnalysisAnalyst RatingBuy3.22 Rating ScoreUpside/Downside19.3% UpsideC$87.70 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.84 out of 5 stars 2.6 Analyst's Opinion Consensus RatingGranite Real Estate Investment Trust has received a consensus rating of Buy. The company's average rating score is 3.22, and is based on 7 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageGranite Real Estate Investment Trust has received no research coverage in the past 90 days.Read more about Granite Real Estate Investment Trust's stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for GRT.UN. Previous Next 1.7 Dividend Strength Dividend LeadershipGranite Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 4.71%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGranite Real Estate Investment Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Granite Real Estate Investment Trust is 96.77%. Payout ratios above 75% are not desirable because they may not be sustainable.Read more about Granite Real Estate Investment Trust's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GRT.UN. Previous Next 3.2 News and Social Media Coverage News SentimentGranite Real Estate Investment Trust has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Real Estate companies.News Coverage This WeekMarketBeat has tracked 1 news article for Granite Real Estate Investment Trust this week, compared to 0 articles on an average week.Search InterestOnly 1 people have searched for GRT.UN on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows1 people have added Granite Real Estate Investment Trust to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Granite Real Estate Investment Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.31% of the stock of Granite Real Estate Investment Trust is held by insiders.Percentage Held by Institutions74.48% of the stock of Granite Real Estate Investment Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Granite Real Estate Investment Trust's insider trading history. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Real Estate Investment Trust is 21.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Real Estate Investment Trust is 21.56, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 240.32.Price to Book Value per Share RatioGranite Real Estate Investment Trust has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad MarketBeatWe just added a $300 account credit to your MarketBeat subscriptionMarketBeat All Access is our complete suite of portfolio monitoring software, research tools, stock screeners, proprietary reports, and more. Upgrade today and get $300 off your 2024-2025 subscription. Free for 30 days.Start Your Risk-Free Trial Here About Granite Real Estate Investment Trust Stock (TSE:GRT.UN)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.Read More GRT.UN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GRT.UN Stock News HeadlinesJuly 22, 2024 | americanbankingnews.comGranite Real Estate Investment Trust (TSE:GRT.UN) Given Average Rating of "Buy" by BrokeragesJuly 19, 2024 | finance.yahoo.comGranite REIT Declares Distribution for July 2024July 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.May 17, 2024 | finance.yahoo.comGranite REIT Declares Distribution for May 2024May 8, 2024 | finance.yahoo.comGranite Announces 2024 First Quarter ResultsApril 4, 2024 | msn.com1 Passive-Income Stream and 1 Dividend Stock for $3,093.50 in 2024March 20, 2024 | fool.caTSX:GRT.UN (Granite Real Estate Investment Trust)March 4, 2024 | seekingalpha.comGranite REIT: Rock Around The ClockJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.January 17, 2024 | stockhouse.comGranite REIT Declares Distribution for January 2024November 17, 2023 | financialpost.comGranite REIT Declares Distribution for November 2023October 20, 2023 | markets.businessinsider.comBMO Capital Thinks Granite Real Estate’s Stock is Going to RecoverSeptember 25, 2023 | ca.finance.yahoo.comHow to Invest $10,000 Today for Decades of Safe Passive IncomeAugust 17, 2023 | technews.tmcnet.comGranite REIT Declares Distribution for August 2023August 14, 2023 | markets.businessinsider.comRBC Capital Keeps a Buy Rating on Granite Real Estate (GRT.UN)July 17, 2023 | businesswire.comGranite REIT Declares Distribution for July 2023May 12, 2023 | markets.businessinsider.comLaurentian Bank of Canada Sticks to Their Buy Rating for Granite Real Estate (GRT.UN)April 28, 2023 | theglobeandmail.comClosing Bell: Granite Real Estate Investment Trust up on Friday (GRT-UN)See More Headlines Receive GRT.UN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Granite Real Estate Investment Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 6/14 Dividend5/31/2024Dividend Payable6/14/2024Today7/26/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorReal Estate Industry REIT - Industrial Sub-IndustryReal Estate Current SymbolTSE:GRT.UN CUSIPN/A CIKN/A Webwww.graniterealestate.com Phone647-925-7500FaxN/AEmployees54Year FoundedN/APrice Target and Rating Average Stock Price TargetC$87.70 High Stock Price TargetC$91.00 Low Stock Price TargetC$84.00 Potential Upside/Downside+18.9%Consensus RatingBuy Rating Score (0-4)3.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)C$3.41 Trailing P/E Ratio21.62 Forward P/E Ratio13.87 P/E GrowthN/ANet IncomeC$216.01 million Net Margins40.71% Pretax MarginN/A Return on Equity3.97% Return on Assets2.74% Debt Debt-to-Equity Ratio58.04 Current Ratio0.45 Quick Ratio1.61 Sales & Book Value Annual SalesC$530.59 million Price / Sales8.76 Cash FlowC$4.15 per share Price / Cash Flow17.78 Book ValueC$85.05 per share Price / Book0.87Miscellaneous Outstanding Shares63,010,000Free FloatN/AMarket CapC$4.65 billion OptionableNot Optionable Beta1.16 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.Get This Free Report Key ExecutivesMr. Kevan S. Gorrie ICD.D (Age 55)P. Eng, President, CEO & Trustee Comp: $1.99MMs. Teresa Neto CA (Age 58)Chief Financial Officer Comp: $960.47kMr. Michael A. RamparasExecutive VP of Global Real Estate & Head of InvestmentsMr. Lawrence ClarfieldExecutive VP, General Counsel & Corporate SecretaryMr. Lorne KumerExecutive VP & Head of Global Real EstateAndrea SanelliManager of Legal & Investor ServicesMr. Witsard SchaperSenior VP & Head of EuropeMs. Kristy BoysSenior Vice President of FinanceMr. Jon SorgSenior VP & Head of U.S.Mr. Keith StephenVice President of Sustainability & EnvironmentMore ExecutivesKey CompetitorsTricon ResidentialTSE:TCNSnowline GoldCVE:SGDReal BrokerageTSE:REAXArsenal EnergyTSE:AEIBrookfield Office PropertiesTSE:BPOView All Competitors GRT.UN Stock Analysis - Frequently Asked Questions How have GRT.UN shares performed this year? Granite Real Estate Investment Trust's stock was trading at C$76.28 at the start of the year. Since then, GRT.UN shares have decreased by 3.6% and is now trading at C$73.51. View the best growth stocks for 2024 here. 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. This page (TSE:GRT.UN) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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