Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.2833 per share on Friday, March 14th. This represents a $3.40 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Friday, February 28th.
Granite Real Estate Investment Trust Trading Up 0.2 %
Shares of GRT.UN traded up C$0.13 during midday trading on Friday, hitting C$66.56. The stock had a trading volume of 130,118 shares, compared to its average volume of 129,726. Granite Real Estate Investment Trust has a 1 year low of C$64.50 and a 1 year high of C$82.88. The firm has a market cap of C$4.18 billion, a PE ratio of 18.34 and a beta of 1.18. The company has a debt-to-equity ratio of 57.74, a current ratio of 0.35 and a quick ratio of 1.61. The stock's 50 day moving average is C$69.10 and its 200 day moving average is C$73.60.
Wall Street Analysts Forecast Growth
GRT.UN has been the topic of several recent analyst reports. Raymond James reduced their target price on shares of Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a research note on Friday. BMO Capital Markets increased their target price on shares of Granite Real Estate Investment Trust from C$86.00 to C$88.00 in a research note on Monday, November 11th. Scotiabank reduced their target price on shares of Granite Real Estate Investment Trust from C$87.00 to C$85.00 in a research note on Friday. Finally, TD Securities increased their target price on shares of Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a research note on Friday, November 8th.
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About Granite Real Estate Investment Trust
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Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 143 investment properties representing approximately 62.9 million square feet of leasable area.
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