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

Profile Analyst Ratings Chart Competitors Dividend Headlines Social Media

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: 1.44
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

3.7

Analyst's Opinion

Consensus Rating
Granite Real Estate Investment Trust has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$93.88, Granite Real Estate Investment Trust has a forecasted upside of 30.3% from its current price of C$72.07.
Amount of Analyst Coverage
Granite Real Estate Investment Trust has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for GRT.UN.

1.7

Dividend Strength

Dividend Leadership
Granite Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 4.25%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Granite Real Estate Investment Trust does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GRT.UN.

3.0

News and Social Media Coverage

News Sentiment
Granite Real Estate Investment Trust has a news sentiment score of 1.44. 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 0.40 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Granite Real Estate Investment Trust this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 1 people have added Granite Real Estate Investment Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

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.
Percentage Held by Insiders
Only 0.34% of the stock of Granite Real Estate Investment Trust is held by insiders.
Percentage Held by Institutions
73.28% 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.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Granite Real Estate Investment Trust is -34.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Granite Real Estate Investment Trust is -34.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Granite 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.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

GRT.UN Stock News Headlines

September 26, 2023 | americanbankingnews.com

Granite Real Estate Investment Trust (TSE:GRT.UN) Receives Average Rating of "Buy" from Analysts

September 25, 2023 | ca.finance.yahoo.com

How to Invest $10,000 Today for Decades of Safe Passive Income

September 28, 2023 | Micro-Cap Stock Trader (Ad)

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

September 19, 2023 | americanbankingnews.com

Granite Real Estate Investment Trust (TSE:GRT.UN) Stock Price Crosses Below Two Hundred Day Moving Average of $79.39

August 17, 2023 | technews.tmcnet.com

Granite REIT Declares Distribution for August 2023

August 14, 2023 | markets.businessinsider.com

RBC Capital Keeps a Buy Rating on Granite Real Estate (GRT.UN)

July 17, 2023 | businesswire.com

Granite REIT Declares Distribution for July 2023

May 12, 2023 | markets.businessinsider.com

Laurentian Bank of Canada Sticks to Their Buy Rating for Granite Real Estate (GRT.UN)

September 28, 2023 | Micro-Cap Stock Trader (Ad)

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

April 28, 2023 | theglobeandmail.com

Closing Bell: Granite Real Estate Investment Trust up on Friday (GRT-UN)

April 14, 2023 | theglobeandmail.com

Closing Bell: Granite Real Estate Investment Trust down on Thursday (GRT-UN)

April 10, 2023 | theglobeandmail.com

Closing Bell: Granite Real Estate Investment Trust up on Monday (GRT-UN)

April 6, 2023 | theglobeandmail.com

Closing Bell: Granite Real Estate Investment Trust up on Thursday (GRT-UN)

March 15, 2023 | fool.ca

3 Cheap Canadian REITs (Down Over 10%) to Buy in March 2023

March 10, 2023 | finance.yahoo.com

Granite Real Estate Investment Trust (TSE:GRT.UN) On An Uptrend: Could Fundamentals Be Driving The Stock?

February 22, 2023 | fool.ca

TFSA Stocks: 3 Solid Options for February 2023

February 22, 2023 | fool.ca

3 Undervalued Canadian Stocks Worth a Buy Right Now

January 7, 2023 | au.finance.yahoo.com

With 67% ownership of the shares, Granite Real Estate Investment Trust (TSE:GRT.UN) is heavily dominated by institutional owners

November 27, 2022 | msn.com

Get Set for Success in 2023 With 3 Top Canadian Dividend Stocks

November 27, 2022 | finance.yahoo.com

Independent Trustee Sheila Murray Just Bought A Handful Of Shares In Granite Real Estate Investment Trust (TSE:GRT.UN)

September 24, 2022 | ca.finance.yahoo.com

1 Value Stock Every Canadian Investor Should Own

September 22, 2022 | msn.com

2 Promising Real Estate Stocks to Buy at a Discounted Price

September 14, 2022 | ca.finance.yahoo.com

Forget the P/E Ratio: This is What Investors Need to Know

September 14, 2022 | msn.com

3 Valuable TSX Stocks for Solid TFSA Passive Income

September 9, 2022 | msn.com

Got $6,000? Create $33 in Passive Income Every Month for Life

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

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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

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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$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

EPS (Most Recent Fiscal Year): C($2.11)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 13.47
P/E Growth: N/A
Net Income: C$-147,380,000.00
Net Margins: -29.65%
Pretax Margin: N/A
Return on Equity: -2.68%
Return on Assets: 2.55%

Debt

Debt-to-Equity Ratio: 57.73
Current Ratio: 0.30
Quick Ratio: 1.61

Sales & Book Value

Annual Sales: C$497.16 million
Price / Sales: 9.17
Cash Flow: C$4.02 per share
Price / Cash Flow: 17.78
Book Value: C$84.17 per share
Price / Book: 0.85

Miscellaneous

Outstanding Shares: 63,740,000
Free Float: N/A
Market Cap: C$4.56 billion
Optionable: Not Optionable
Beta: 1.03

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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

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

Granite Real Estate Investment Trust MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Granite Real Estate Investment Trust (TSE:GRT.UN) Stock

GRT.UN Price History

GRT.UN Stock News Headlines

GRT.UN Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

GRT.UN Stock - Frequently Asked Questions

Overall MarketRank^™