S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
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Warren Buffett's company dumps another 5 million shares of printer maker HP
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Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Elon Did It Again: This Could be Bigger than Tesla (Ad)
South Asia is expected to grow by nearly 6% this year, making it the world's fastest-growing region
Inflation is Why a Soft Landing is Bad for the Economy
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
Elon Did It Again: This Could be Bigger than Tesla (Ad)
5 Economic Trends That Will Drive The Market In Q4
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Elon Did It Again: This Could be Bigger than Tesla (Ad)
South Asia is expected to grow by nearly 6% this year, making it the world's fastest-growing region
Inflation is Why a Soft Landing is Bad for the Economy
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
Elon Did It Again: This Could be Bigger than Tesla (Ad)
5 Economic Trends That Will Drive The Market In Q4
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Elon Did It Again: This Could be Bigger than Tesla (Ad)
South Asia is expected to grow by nearly 6% this year, making it the world's fastest-growing region
Inflation is Why a Soft Landing is Bad for the Economy
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
Elon Did It Again: This Could be Bigger than Tesla (Ad)
5 Economic Trends That Will Drive The Market In Q4
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Elon Did It Again: This Could be Bigger than Tesla (Ad)
South Asia is expected to grow by nearly 6% this year, making it the world's fastest-growing region
Inflation is Why a Soft Landing is Bad for the Economy
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)
Compare
Today's Range
C$70.18
▼
C$71.26
50-Day Range
C$70.58
▼
C$79.85
52-Week Range
C$63.29
▼
C$88.58
Volume
43,351 shs
Average Volume
80,134 shs
Market Capitalization
C$4.50 billion
P/E Ratio
N/A
Dividend Yield
4.53%
Price Target
C$93.88
ProfileAnalyst RatingsChartCompetitorsDividendHeadlinesSocial Media

Granite Real Estate Investment Trust MarketRank™ Forecast

Analyst Rating
Buy
3.33 Rating Score
Upside/​Downside
33.0% Upside
C$93.88 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™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

See Top Rated MarketRank™ Stocks Here

GRT.UN stock logo

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

GRT.UN Stock News Headlines

October 4, 2023 | americanbankingnews.com
Granite Real Estate Investment Trust (TSE:GRT.UN) Stock Price Crosses Below Two Hundred Day Moving Average of $78.59
September 26, 2023 | americanbankingnews.com
Granite Real Estate Investment Trust (TSE:GRT.UN) Receives Average Rating of "Buy" from Analysts
October 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.com
How to Invest $10,000 Today for Decades of Safe Passive Income
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)
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.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
See More Headlines
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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
10/04/2023
Get Stock Alerts

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
+33.0%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C($2.13)
Trailing P/E Ratio
N/A
Forward P/E Ratio
13.29
P/E Growth
N/A
Net Income
C$-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
9.05
Cash Flow
C$3.97 per share
Price / Cash Flow
17.78
Book Value
C$84.17 per share
Price / Book
0.84

Miscellaneous

Outstanding Shares
63,740,000
Free Float
N/A
Market Cap
C$4.50 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 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

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