TSE:GRT.UN

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

C$81.55

-0.20 (-0.24%)

(As of 08/17/2022 12:00 AM ET)

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Today's Range: C$80.77
▼
C$81.91
50-Day Range: C$73.82
▼
C$86.03
52-Week Range: C$73.34
▼
C$105.79

Volume: N/A
Average Volume: 164,366 shs
Market Capitalization: C$5.34 billion

P/E Ratio: 4.84
Dividend Yield: 3.79%
Price Target: C$102.25

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.

Granite Real Estate Investment Trust Stock Down 0.2 %

Shares of TSE:GRT.UN traded down C$0.20 on Wednesday, hitting C$81.55. The stock has a fifty day moving average price of C$79.09 and a two-hundred day moving average price of C$88.47. The company has a market cap of C$5.34 billion and a P/E ratio of 4.84. Granite Real Estate Investment Trust has a 1 year low of C$73.34 and a 1 year high of C$105.79. The company has a debt-to-equity ratio of 48.12, a quick ratio of 1.07 and a current ratio of 2.36.

Granite Real Estate Investment Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 15th were given a $0.2583 dividend. The ex-dividend date of this dividend was Monday, May 30th. This is a boost from Granite Real Estate Investment Trust's previous monthly dividend of $0.25. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.80%. Granite Real Estate Investment Trust's dividend payout ratio is 18.16%.

Analyst Ratings Changes

GRT.UN has been the subject of several recent research reports. Royal Bank of Canada lifted their price objective on Granite Real Estate Investment Trust from C$99.00 to C$100.00 and gave the company an "outperform" rating in a research note on Monday. Scotiabank decreased their price target on shares of Granite Real Estate Investment Trust from C$110.00 to C$97.00 in a research note on Thursday, July 21st. Raymond James dropped their price objective on shares of Granite Real Estate Investment Trust from C$112.00 to C$98.00 and set an "outperform" rating on the stock in a research report on Monday. CIBC decreased their price objective on shares of Granite Real Estate Investment Trust from C$102.00 to C$98.00 and set an "outperform" rating for the company in a research report on Friday, August 12th. Finally, National Bankshares increased their target price on Granite Real Estate Investment Trust from C$85.00 to C$90.00 and gave the company an "outperform" rating in a report on Monday. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$102.78.

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GRT.UN Stock News Headlines

August 17, 2022 | americanbankingnews.com

National Bankshares Increases Granite Real Estate Investment Trust (TSE:GRT.UN) Price Target to C$90.00

August 17, 2022 | americanbankingnews.com

Granite Real Estate Investment Trust (TSE:GRT.UN) PT Raised to C$100.00

August 16, 2022 | americanbankingnews.com

Granite Real Estate Investment Trust (TSE:GRT.UN) PT Lowered to C$98.00

August 12, 2022 | americanbankingnews.com

Brokerages Set Granite Real Estate Investment Trust (TSE:GRT.UN) Target Price at C$102.86

August 8, 2022 | finance.yahoo.com

Granite Point Mortgage Trust (GPMT) Matches Q2 Earnings Estimates

August 8, 2022 | ca.finance.yahoo.com

2 Stocks to Invest in U.S. Real Estate

July 27, 2022 | fool.ca

Recession or Not, These 2 Real Estate Stocks Are Already Ultra-Cheap

July 25, 2022 | americanbankingnews.com

Granite Real Estate Investment Trust (TSE:GRT.UN) Price Target Cut to C$97.00

June 23, 2022 | msn.com

Real Estate Is About to Get Ugly: The Decades Long Bull Run Is Over

June 8, 2022 | fool.ca

Passive Income: 1 Top REIT for Steady Monthly Dividends

May 30, 2022 | fool.ca

Better Buy: Real Estate or REITs?

May 21, 2022 | fool.ca

Undervalued REITs to Buy as Markets Plunge Into a Bear Market

May 16, 2022 | msn.com

2 REITs Could Double Your Capital Within a Decade

May 13, 2022 | msn.com

Rental vs. REIT Income: Which 1 Is Right for You?

May 8, 2022 | fool.ca

2 Dirt-Cheap REITs to Stash in Your TFSA

April 27, 2022 | msn.com

The 2 Best Canadian REITs to Buy for Reliable Passive Income

April 25, 2022 | fool.ca

3 Growth Stock REITs to Buy for the Next Decade

April 16, 2022 | ca.investing.com

3 TSX Dividend Stocks Better Than a Rental Property

January 11, 2022 | msn.com

Get Monthly Passive Income From 2 Canadian REITs

December 22, 2021 | fool.ca

2 Great TSX Stocks You Can Buy for $100

December 6, 2021 | msn.com

3 of the Best Canadian REITs for 2022

November 15, 2021 | msn.com

Retirees: 3 Super Dividend Stocks to Own for Passive Income

August 4, 2021 | finance.yahoo.com

What Kind Of Shareholders Hold The Majority In Granite Real Estate Investment Trust's (TSE:GRT.UN) Shares?

July 28, 2021 | fool.ca

Dividend Income Investors: 5 Top Canadian Stocks to Buy Now

July 21, 2021 | msn.com

The 4 Best Canadian Value Stocks to Buy Right Now

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GRT.UN Company Calendar

Ex-Dividend for 6/15 Dividend: 5/30/2022
Dividend Payable: 6/15/2022
Today: 8/17/2022

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Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast: C$102.25
High Stock Price Forecast: C$115.00
Low Stock Price Forecast: C$90.00
Forecasted Upside/Downside: +25.4%
Consensus Rating: Buy
Rating Score (0-4): 3.17
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 4.84
Forward P/E Ratio: 23.27
P/E Growth: 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: 48.12
Current Ratio: 2.36
Quick Ratio: 1.07

Sales & Book Value

Annual Sales: C$421.94 million
Price / Sales: 12.64
Cash Flow: C$2.43 per share
Price / Cash Flow: 33.51
Book Value: C$85.92 per share
Price / Book: 0.95

Miscellaneous

Outstanding Shares: 65,421,000
Free Float: N/A
Market Cap: C$5.34 billion
Optionable: Not Optionable
Beta: N/A

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

Key Competitors

View All Competitors

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 5 buy ratings and 1 strong buy rating 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 2022?: 6 equities research analysts have issued 1 year price objectives for Granite Real Estate Investment Trust's shares. Their GRT.UN share price forecasts range from C$90.00 to C$115.00. On average, they expect the company's share price to reach C$102.25 in the next twelve months. This suggests a possible upside of 25.4% 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 2022?: Granite Real Estate Investment Trust's stock was trading at C$105.40 at the beginning of 2022. Since then, GRT.UN shares have decreased by 22.6% and is now trading at C$81.55.
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. Stockholders of record on Wednesday, June 15th will be paid a dividend of 0.2583 per share on Wednesday, June 15th. This represents a $3.10 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Monday, May 30th. This is an increase from the stock's previous monthly dividend of C$0.25.
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$3.06 per share and currently has a dividend yield of 3.79%. The dividend payout ratio is 18.16%. This payout ratio is at a healthy, sustainable level, below 75%.
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$81.55.
How much money does Granite Real Estate Investment Trust make?: Granite Real Estate Investment Trust (TSE:GRT.UN) has a market capitalization of C$5.34 billion and generates C$421.94 million in revenue each year.
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 8/18/2022 by MarketBeat.com Staff

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