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

Company Overview

Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, and management of primarily industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's largest tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.

Key Stats

• Today's Range: C$71.12 to C$72.23
• 50-Day Range: C$66.20 to C$72.58
• 52-Week Range: C$55.25 to C$82.88
• Volume: 70,503 shs
• Average Volume: 110,022 shs
• Market Capitalization: C$4.53 billion
• P/E Ratio: 19.87
• Dividend Yield: 4.57%
• Price Target: C$84.42
• Consensus Rating: Buy

Granite Real Estate Investment Trust Stock Analysis - MarketRank™

Granite Real Estate Investment Trust scored higher than 34% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Granite Real Estate Investment Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Granite Real Estate Investment Trust has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Granite Real Estate Investment Trust is 19.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.50.

Price to Earnings Ratio vs. Sector

The P/E ratio of Granite Real Estate Investment Trust is 19.87, which means that it is trading at a more expensive P/E ratio than the Real Estate sector average P/E ratio of about 10.38.

Price to Book Value per Share Ratio

Granite Real Estate Investment Trust has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

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

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Granite Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 4.29%, 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.

Dividend Coverage

The dividend payout ratio of Granite Real Estate Investment Trust is 90.91%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

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

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

1 people have searched for GRT.UN on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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 0.32% of the stock of Granite Real Estate Investment Trust is held by insiders.

Percentage Held by Institutions

72.38% 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.

GRT.UN Stock Analysis - Frequently Asked Questions

How have GRT.UN shares performed this year?

Granite Real Estate Investment Trust's stock was trading at C$69.76 at the beginning of the year. Since then, GRT.UN stock has increased by 3.4% and is now trading at C$72.14.

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.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Industrial
• Sub-Industry: Real Estate
• Current Symbol: TSE:GRT.UN
• CIK: N/A
• Web: www.graniterealestate.com
• Phone: 647-925-7500
• Fax: N/A
• Employees: 54
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Granite Real Estate Investment Trust: C$84.42
• High Price Target: C$93.50
• Low Price Target: C$75.00
• Potential Upside/Downside: +17.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): C$3.63
• Trailing P/E Ratio: 19.87
• Forward P/E Ratio: 12.93
• P/E Growth: N/A
• Net Income: C$229.71 million
• Net Margins: 42.50%
• Pretax Margin: N/A
• Return on Equity: 4.28%
• Return on Assets: 2.82%

Debt

• Debt-to-Equity Ratio: 57.74
• Current Ratio: 0.35
• Quick Ratio: 1.61

Sales & Book Value

• Annual Sales: C$540.51 million
• Price / Sales: 8.37
• Cash Flow: C$4.06 per share
• Price / Cash Flow: 17.78
• Book Value: C$86.53 per share
• Price / Book: 0.83

Miscellaneous

• Outstanding Shares: 62,740,000
• Free Float: N/A
• Market Cap: C$4.53 billion
• Optionable: Not Optionable
• Beta: 1.18