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TSE:GRT.UN

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

C$66.73
-1.36 (-2.00%)
(As of 06/14/2024 ET)
Today's Range
C$66.38
C$68.11
50-Day Range
C$66.46
C$77.60
52-Week Range
C$62.72
C$80.81
Volume
80,517 shs
Average Volume
87,098 shs
Market Capitalization
C$4.20 billion
P/E Ratio
19.57
Dividend Yield
4.95%
Price Target
C$87.70

Granite Real Estate Investment Trust MarketRank™ Stock Analysis

Analyst Rating
Buy
3.22 Rating Score
Upside/​Downside
31.4% Upside
C$87.70 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

3.58 out of 5 stars

GRT.UN stock logo

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.

GRT.UN Stock Price History

GRT.UN Stock News Headlines

Granite REIT Declares Distribution for May 2024
Granite Announces 2024 First Quarter Results
Granite REIT: Rock Around The Clock
Granite REIT Declares Distribution for January 2024
Granite REIT Declares Distribution for November 2023
BMO Capital Thinks Granite Real Estate’s Stock is Going to Recover
How to Invest $10,000 Today for Decades of Safe Passive Income
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
1 Value Stock Every Canadian Investor Should Own
See More Headlines
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Company Calendar

Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Ex-Dividend for 6/14 Dividend
5/31/2024
Dividend Payable
6/14/2024
Today
6/15/2024

Industry, Sector and Symbol

Industry
REIT - Industrial
Sub-Industry
N/A
Current Symbol
TSE:GRT.UN
CIK
N/A
Fax
N/A
Employees
69
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$87.70
High Stock Price Target
C$91.00
Low Stock Price Target
C$84.00
Potential Upside/Downside
+31.4%
Consensus Rating
Buy
Rating Score (0-4)
3.22
Research Coverage
9 Analysts

Profitability

Net Income
C$216.01 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$530.59 million
Cash Flow
C$3.75 per share
Book Value
C$85.05 per share

Miscellaneous

Free Float
N/A
Market Cap
C$4.20 billion
Optionable
Not Optionable
Beta
1.16
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Key Executives

  • Mr. Kevan S. Gorrie ICD.D (Age 55)
    P. Eng, President, CEO & Trustee
    Comp: $1.99M
  • Ms. Teresa Neto CA (Age 58)
    Chief Financial Officer
    Comp: $960.47k
  • Mr. Michael A. Ramparas
    Executive VP of Global Real Estate & Head of Investments
  • Mr. Lawrence Clarfield
    Executive VP, General Counsel & Corporate Secretary
  • Mr. Lorne Kumer
    Executive VP & Head of Global Real Estate
  • Andrea Sanelli
    Manager of Legal & Investor Services
  • Mr. Witsard Schaper
    Senior VP & Head of Europe
  • Ms. Kristy Boys
    Senior Vice President of Finance
  • Mr. Jon Sorg
    Senior VP & Head of U.S.
  • Mr. Keith Stephen
    Vice President of Sustainability & Environment

GRT.UN Stock Analysis - Frequently Asked Questions

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

9 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 7 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 target for 2024?

9 brokers have issued 1-year price objectives for Granite Real Estate Investment Trust's shares. Their GRT.UN share price targets range from C$84.00 to C$91.00. On average, they expect the company's share price to reach C$87.70 in the next twelve months. This suggests a possible upside of 31.4% 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 2024?

Granite Real Estate Investment Trust's stock was trading at C$76.28 at the beginning of the year. Since then, GRT.UN shares have decreased by 12.5% and is now trading at C$66.73.
View the best growth stocks for 2024 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 announced a monthly dividend on Friday, May 31st. Shareholders of record on Friday, June 14th will be paid a dividend of 0.275 per share on Friday, June 14th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend is Friday, May 31st.
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$3.30 per share and currently has a dividend yield of 4.71%. GRT.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 96.77%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for GRT.UN.

What ETFs hold Granite Real Estate Investment Trust's stock?
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 6/16/2024 by MarketBeat.com Staff

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