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TSE:GRT.UN

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

C$81.55
-0.68 (-0.83%)
(As of 08/16/2022 12:33 PM ET)
Add
Compare
Today's Range
C$80.60
C$82.21
50-Day Range
C$73.82
C$88.77
52-Week Range
C$73.34
C$105.79
Volume
27,668 shs
Average Volume
164,431 shs
Market Capitalization
C$5.34 billion
P/E Ratio
4.84
Dividend Yield
3.77%
Price Target
C$103.57
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.

Granite Real Estate Investment Trust Stock Performance

Shares of Granite Real Estate Investment Trust stock traded up C$0.32 during trading hours on Monday, reaching C$82.23. The company had a trading volume of 107,577 shares, compared to its average volume of 165,343. Granite Real Estate Investment Trust has a one year low of C$73.34 and a one year high of C$105.79. The business has a fifty day simple moving average of C$79.33 and a 200 day simple moving average of C$88.56. The company has a debt-to-equity ratio of 43.18, a current ratio of 1.96 and a quick ratio of 1.54. The firm has a market cap of C$5.38 billion and a PE ratio of 3.46.

Granite Real Estate Investment Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 15th were paid a dividend of $0.2583 per share. This is a positive change from Granite Real Estate Investment Trust's previous monthly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 30th. This represents a $3.10 annualized dividend and a yield of 3.77%. Granite Real Estate Investment Trust's dividend payout ratio (DPR) is currently 12.87%.

Analysts Set New Price Targets

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

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GRT.UN Stock News Headlines

2 Stocks to Invest in U.S. Real Estate
Better Buy: Real Estate or REITs?
3 TSX Dividend Stocks Better Than a Rental Property
2 Great TSX Stocks You Can Buy for $100
3 of the Best Canadian REITs for 2022
See More Headlines
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GRT.UN Company Calendar

Ex-Dividend for 6/15 Dividend
5/30/2022
Dividend Payable
6/15/2022
Today
8/16/2022

Industry, Sector and Symbol

Industry
REIT - Industrial
Sub-Industry
N/A
Current Symbol
TSE:GRT.UN
CIK
N/A
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
+27.0%
Consensus Rating
Buy
Rating Score (0-4)
3.20
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$421.94 million
Cash Flow
C$2.43 per share
Book Value
C$85.92 per share

Miscellaneous

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













GRT.UN Stock - Frequently Asked Questions

Should I buy or sell Granite Real Estate Investment Trust stock right now?

6 Wall Street 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 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 Wall Street research analysts have issued 12-month price targets 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 predict the company's share price to reach C$102.25 in the next twelve months. This suggests a possible upside of 26.9% 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 the year. Since then, GRT.UN shares have decreased by 23.5% and is now trading at C$80.60.
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 3.85%. The ex-dividend date is Monday, May 30th. This is a positive change 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 3.77%. 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$80.60.

How much money does Granite Real Estate Investment Trust make?

Granite Real Estate Investment Trust (TSE:GRT.UN) has a market capitalization of C$5.27 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 8/16/2022 by MarketBeat.com Staff

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