TSE:GRT.UN Granite Real Estate Investment Trust (GRT.UN) Stock Forecast, Price & News C$70.58 -1.02 (-1.42%) (As of 10/3/2023 ET) Add Compare Share Share Today's RangeC$70.18▼C$71.2650-Day RangeC$70.58▼C$79.8552-Week RangeC$63.29▼C$88.58Volume43,351 shsAverage Volume80,134 shsMarket CapitalizationC$4.50 billionP/E RatioN/ADividend Yield4.53%Price TargetC$93.88 ProfileProfileAnalyst RatingsChartCompetitorsDividendHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendHeadlinesSocial Media Granite Real Estate Investment Trust MarketRank™ ForecastAnalyst RatingBuy3.33 Rating ScoreUpside/Downside33.0% UpsideC$93.88 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.35 out of 5 stars 3.7 Analyst's Opinion Consensus RatingGranite 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/DownsideAccording to analysts' consensus price target of C$93.88, Granite Real Estate Investment Trust has a forecasted upside of 33.0% from its current price of C$70.58.Amount of Analyst CoverageGranite Real Estate Investment Trust has only been the subject of 3 research reports in the past 90 days. 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 4.44%, 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. 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 1.74. 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 0.49 average news sentiment score of Real Estate companies.MarketBeat Follows2 people have added Granite Real Estate Investment Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 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 0.34% of the stock of Granite Real Estate Investment Trust is held by insiders.Percentage Held by Institutions73.28% 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. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Real Estate Investment Trust is -33.14, 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. SectorThe P/E ratio of Granite Real Estate Investment Trust is -33.14, 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 RatioGranite Real Estate Investment Trust has a P/B Ratio of 0.84. 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 About Granite Real Estate Investment Trust (TSE:GRT.UN) StockGranite 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.Read More GRT.UN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GRT.UN Stock News HeadlinesOctober 4, 2023 | americanbankingnews.comGranite Real Estate Investment Trust (TSE:GRT.UN) Stock Price Crosses Below Two Hundred Day Moving Average of $78.59September 26, 2023 | americanbankingnews.comGranite Real Estate Investment Trust (TSE:GRT.UN) Receives Average Rating of "Buy" from AnalystsOctober 4, 2023 | Behind the Markets (Ad)"Chilling War Games Show US Forces Crushed" – FOX NEWS=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>September 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)October 4, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...April 28, 2023 | theglobeandmail.comClosing Bell: Granite Real Estate Investment Trust up on Friday (GRT-UN)April 14, 2023 | theglobeandmail.comClosing Bell: Granite Real Estate Investment Trust down on Thursday (GRT-UN)April 10, 2023 | theglobeandmail.comClosing Bell: Granite Real Estate Investment Trust up on Monday (GRT-UN)April 6, 2023 | theglobeandmail.comClosing Bell: Granite Real Estate Investment Trust up on Thursday (GRT-UN)March 15, 2023 | fool.ca3 Cheap Canadian REITs (Down Over 10%) to Buy in March 2023March 10, 2023 | finance.yahoo.comGranite Real Estate Investment Trust (TSE:GRT.UN) On An Uptrend: Could Fundamentals Be Driving The Stock?February 22, 2023 | fool.caTFSA Stocks: 3 Solid Options for February 2023February 22, 2023 | fool.ca3 Undervalued Canadian Stocks Worth a Buy Right NowJanuary 7, 2023 | au.finance.yahoo.comWith 67% ownership of the shares, Granite Real Estate Investment Trust (TSE:GRT.UN) is heavily dominated by institutional ownersNovember 27, 2022 | msn.comGet Set for Success in 2023 With 3 Top Canadian Dividend StocksNovember 27, 2022 | finance.yahoo.comIndependent Trustee Sheila Murray Just Bought A Handful Of Shares In Granite Real Estate Investment Trust (TSE:GRT.UN)September 24, 2022 | ca.finance.yahoo.com1 Value Stock Every Canadian Investor Should OwnSeptember 22, 2022 | msn.com2 Promising Real Estate Stocks to Buy at a Discounted PriceSeptember 14, 2022 | ca.finance.yahoo.comForget the P/E Ratio: This is What Investors Need to KnowSeptember 14, 2022 | msn.com3 Valuable TSX Stocks for Solid TFSA Passive IncomeSeptember 9, 2022 | msn.comGot $6,000? Create $33 in Passive Income Every Month for LifeAugust 8, 2022 | finance.yahoo.comGranite Point Mortgage Trust (GPMT) Matches Q2 Earnings EstimatesAugust 8, 2022 | ca.finance.yahoo.com2 Stocks to Invest in U.S. Real EstateSee 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 GRT.UN Company Calendar Ex-Dividend for 8/15 Dividend7/28/2023Dividend Payable8/15/2023Ex-Dividend for 9/15 Dividend8/30/2023Dividend Payable9/15/2023Today10/04/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry REIT - Industrial Sub-IndustryN/A SectorReal Estate Current SymbolTSE:GRT.UN CUSIPN/A CIKN/A Webwww.graniterealestate.com Phone647-925-7500FaxN/AEmployees44Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$93.88 High Stock Price ForecastC$97.00 Low Stock Price ForecastC$90.00 Forecasted Upside/Downside+33.0%Consensus RatingBuy Rating Score (0-4)3.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)C($2.13) Trailing P/E RatioN/A Forward P/E Ratio13.29 P/E GrowthN/ANet IncomeC$-147,380,000.00 Net Margins-29.65% Pretax MarginN/A Return on Equity-2.68% Return on Assets2.55% Debt Debt-to-Equity Ratio57.73 Current Ratio0.30 Quick Ratio1.61 Sales & Book Value Annual SalesC$497.16 million Price / Sales9.05 Cash FlowC$3.97 per share Price / Cash Flow17.78 Book ValueC$84.17 per share Price / Book0.84Miscellaneous Outstanding Shares63,740,000Free FloatN/AMarket CapC$4.50 billion OptionableNot Optionable Beta1.03 The Best High-Yield Dividend Stocks for 2023Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Ilias KonstantopoulosChief Financial OfficerMr. Kevan S. Gorrie (Age 50)Pres, CEO & Director Mr. Lyle StrachanExec. VP of Fin. of the Racing & Gaming DivisionMr. Don MathewVP, Real Estate InvestmentMr. George HainesInterim Pres of Santa Anita Park & Golden Gate FieldsKey CompetitorsSummit Industrial Income REITTSE:SMU.UNDream Industrial Real Estate Invest TrstTSE:DIR.UNWPT Industrial Real Estate InvestmentTSE:WIR.UChoice Properties Real Est Invstmnt TrstTSE:CHP.UNRioCan Real Estate Investment TrustTSE:REI.UNView All Competitors GRT.UN Stock - Frequently Asked Questions Should I buy or sell Granite Real Estate Investment Trust stock right now? 6 Wall Street 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 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 research analysts have issued 12 month price targets 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 predict the company's share price to reach C$93.88 in the next twelve months. This suggests a possible upside of 33.0% 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 2.2% and is now trading at C$70.58. 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 announced a monthly dividend on Wednesday, August 30th. Shareholders 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 4.53%. The ex-dividend date of this dividend 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 4.44%. 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$70.58. How much money does Granite Real Estate Investment Trust make? Granite Real Estate Investment Trust (TSE:GRT.UN) has a market capitalization of C$4.50 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($2.13) 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 10/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Granite Real Estate Investment Trust Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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