Granite Real Estate Investment Trust Company Profile (TSE:GRT)

About Granite Real Estate Investment Trust (TSE:GRT)

Granite Real Estate Investment Trust logoGranite Real Estate Investment Trust is a real estate investment trust (REIT). It is engaged principally in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties in North America and Europe leased primarily to Magna International Inc. and its automotive operating units. It is a service REIT with an international portfolio consisting of over 100 properties. It provides a range of services that includes sourcing and real estate acquisition, site development, assisting with government approvals and re-zoning to specific uses, build-to-suit construction, property renovation, project management and long-term leasing. In November 2013, Granite Real Estate Investment Trust completed its acquisition of a 2.5 million square foot portfolio of seven properties located in Germany and the Netherlands from funds managed by AEW Europe.

Industry, Sector and Symbol:
  • Sector: N/A
  • Industry: N/A
  • Sub-Industry: N/A
  • Symbol: TSE:GRT
  • CUSIP: N/A
  • Web: N/A
P/E:
  • Trailing P/E Ratio:
  • P/E Growth:
Dividend:
  • Dividend Yield: 1.0%
 

Frequently Asked Questions for Granite Real Estate Investment Trust (TSE:GRT)

What is Granite Real Estate Investment Trust's stock symbol?

Granite Real Estate Investment Trust trades on the Tornton Stock Exchange (TSX) under the ticker symbol "GRT."

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 Tuesday, July 18th. Investors of record on Monday, July 31st will be paid a dividend of 0.217 per share on Tuesday, August 15th. This represents a $2.60 annualized dividend and a yield of 6.75%. The ex-dividend date is Thursday, July 27th. View Granite Real Estate Investment Trust's Dividend History.

Where is Granite Real Estate Investment Trust's stock going? Where will Granite Real Estate Investment Trust's stock price be in 2017?

1 analysts have issued 12-month price targets for Granite Real Estate Investment Trust's shares. Their forecasts range from C$44.00 to C$44.00. On average, they expect Granite Real Estate Investment Trust's share price to reach C$44.00 in the next twelve months. View Analyst Ratings for Granite Real Estate Investment Trust.

Who are some of Granite Real Estate Investment Trust's key competitors?

How do I buy Granite Real Estate Investment Trust stock?

Shares of Granite Real Estate Investment Trust and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.

What is Granite Real Estate Investment Trust's stock price today?

One share of Granite Real Estate Investment Trust stock can currently be purchased for approximately C$38.59.


MarketBeat Community Rating for Granite Real Estate Investment Trust (TSE GRT)
Community Ranking:  1.6 out of 5 ()
Outperform Votes:  14 (Vote Outperform)
Underperform Votes:  30 (Vote Underperform)
Total Votes:  44
MarketBeat's community ratings are surveys of what our community members think about Granite Real Estate Investment Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Granite Real Estate Investment Trust (TSE:GRT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Buy Rating
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: C$44.00

Analysts' Ratings History for Granite Real Estate Investment Trust (TSE:GRT)
Show:
DateFirmActionRatingPrice TargetDetails
7/27/2016Royal Bank Of CanadaUpgradeSector Perform -> OutperformC$44.00View Rating Details
3/4/2016DesjardinsDowngradeBuy -> HoldView Rating Details
(Data available from 7/21/2015 forward)

Earnings

Earnings History for Granite Real Estate Investment Trust (TSE:GRT)
Earnings by Quarter for Granite Real Estate Investment Trust (TSE:GRT)
Earnings History by Quarter for Granite Real Estate Investment Trust (TSE GRT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/6/2014$0.83$0.85$52.16 millionViewN/AView Earnings Details
5/7/2014$0.81$0.83$56.58 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Granite Real Estate Investment Trust (TSE:GRT)
2017 EPS Consensus Estimate: $3.53
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.86$0.92$0.89
Q2 20172$0.85$0.91$0.88
Q3 20172$0.85$0.92$0.89
Q4 20172$0.85$0.89$0.87
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Granite Real Estate Investment Trust (TSE GRT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/18/2017Monthly$0.227/27/20177/31/20178/15/2017
6/19/2017Monthly$0.226/28/20176/30/20177/14/2017
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Granite Real Estate Investment Trust (TSE:GRT)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Granite Real Estate Investment Trust (TSE:GRT)
Latest Headlines for Granite Real Estate Investment Trust (TSE:GRT)
Source:
DateHeadline
americanbankingnews.com logoGranite Real Estate Investment Trust Declares Monthly Dividend of $0.22 (TSE:GRT)
www.americanbankingnews.com - July 19 at 10:44 AM
bloomberg.com logoISS Recommends Granite REIT Investors Vote for Dissident's Slate
www.bloomberg.com - June 3 at 9:16 AM
reuters.com logoBRIEF-Two Harbors Investment announces proposed contribution of its commercial real estate assets to Granite Point Mortgage
www.reuters.com - May 24 at 11:53 AM
americanbankingnews.com logoDesjardins Analysts Increase Earnings Estimates for Granite Real Estate Investment Trust (GRT)
www.americanbankingnews.com - May 17 at 8:32 AM
americanbankingnews.com logoQ2 2017 EPS Estimates for Granite Real Estate Investment Trust (GRT) Raised by Analyst
www.americanbankingnews.com - May 16 at 7:52 AM
streetinsider.com logoForm SC 13D/A GRANITE REAL ESTATE INVE Filed by: FrontFour Capital Group LLC - StreetInsider.com
www.streetinsider.com - May 8 at 5:17 PM
barrons.com logoFrontFour Moves on Largest Commercial REIT in Canada
www.barrons.com - May 6 at 10:01 AM
bloomberg.com logoActivist FrontFour Targets Granite REIT, Pushes for Changes
www.bloomberg.com - May 3 at 5:18 PM
baystreet.ca logoBoralex at 52-Week High on News - Baystreet.ca
www.baystreet.ca - April 7 at 5:26 PM
finance.yahoo.com logoGranite REIT Notice of Conference Call for First Quarter 2017 Results - Yahoo Finance
finance.yahoo.com - April 7 at 5:26 PM
finance.yahoo.com logoGranite REIT Notice of Conference Call for First Quarter 2017 Results
finance.yahoo.com - April 7 at 10:07 AM
fool.ca logo2 Great Dividend Stocks I’d Buy Today
www.fool.ca - March 28 at 5:10 PM
finance.yahoo.com logoGranite REIT Declares March 2017 Distribution
finance.yahoo.com - March 18 at 10:12 AM
marketwatch.com logoGranite Announces 2016 Fourth Quarter and Year End Results
www.marketwatch.com - March 1 at 10:15 PM
baystreet.ca logoKatanga, eCobalt at 52-Week Highs - Baystreet.ca
www.baystreet.ca - February 22 at 11:06 PM
baystreet.ca logoTheratechnologies at 52-Week High - Baystreet.ca
www.baystreet.ca - February 17 at 4:07 PM
fool.ca logo2 Excellent Dividend Stocks to Buy for 2017 and Beyond - The Motley Fool Canada
www.fool.ca - December 28 at 11:14 AM
prnewswire.com logoGranite REIT Declares Monthly Distribution - PR Newswire (press release)
www.prnewswire.com - December 18 at 10:40 PM
marketwatch.com logoGranite Prices Offering Of $400 Million 3.873% Senior Debentures Due 2023 And Issues Notice Of Redemption Of Senior Debentures Due 2018
www.marketwatch.com - December 6 at 10:41 AM
finance.yahoo.com logoGranite Announces 2016 Second Quarter Results
finance.yahoo.com - August 5 at 5:28 PM
forbes.com logoGranite Real Estate Investment Trust (GRT-UN) Shares Cross 6% Yield Mark
www.forbes.com - August 5 at 5:28 PM
nasdaq.com logoGranite REIT Names Ilias Konstantopoulos as CFO
www.nasdaq.com - July 26 at 8:10 AM
marketwatch.com logoGranite Announces Election of Trustees and Directors
www.marketwatch.com - June 16 at 5:18 PM
thestreet.com logoGranite REIT Declares Monthly Distribution
www.thestreet.com - January 18 at 6:08 PM

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Chart

Granite Real Estate Investment Trust (GRT) Chart for Friday, July, 21, 2017

This page was last updated on 7/21/2017 by MarketBeat.com Staff