Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U had its price target decreased by equities researchers at TD Securities from C$87.00 to C$77.00 in a research report issued on Monday,BayStreet.CA reports. TD Securities' target price suggests a potential upside of 22.05% from the company's previous close.
Other research analysts have also recently issued research reports about the company. Raymond James reduced their target price on Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a report on Friday, February 28th. Scotiabank lowered their price objective on Granite Real Estate Investment Trust from C$85.00 to C$75.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th.
Check Out Our Latest Research Report on GRT.UN
Granite Real Estate Investment Trust Stock Performance
Shares of Granite Real Estate Investment Trust stock opened at C$63.09 on Monday. The firm's 50 day moving average is C$65.13 and its two-hundred day moving average is C$70.21. Granite Real Estate Investment Trust has a 52 week low of C$55.25 and a 52 week high of C$82.88. The company has a quick ratio of 1.61, a current ratio of 0.35 and a debt-to-equity ratio of 57.74. The firm has a market capitalization of C$3.96 billion, a P/E ratio of 17.38 and a beta of 1.18.
Granite Real Estate Investment Trust Company Profile
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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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