Granite Real Estate Investment Trust Declares Monthly Dividend of $0.28 (TSE:GRT.UN)

Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.2833 per share on Friday, February 14th. This represents a $3.40 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Friday, January 31st.

Granite Real Estate Investment Trust Stock Performance

GRT.UN stock traded down C$0.14 on Wednesday, hitting C$69.16. The company had a trading volume of 114,638 shares, compared to its average volume of 104,482. The stock has a market cap of C$4.34 billion, a price-to-earnings ratio of 19.05 and a beta of 1.18. The company has a current ratio of 0.35, a quick ratio of 1.61 and a debt-to-equity ratio of 57.74. The stock's 50-day simple moving average is C$71.41 and its 200 day simple moving average is C$74.08. Granite Real Estate Investment Trust has a 12-month low of C$64.50 and a 12-month high of C$82.88.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GRT.UN. TD Securities lifted their price objective on Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a report on Friday, November 8th. National Bankshares upped their price target on shares of Granite Real Estate Investment Trust from C$85.00 to C$93.50 in a research report on Wednesday, October 9th. Finally, BMO Capital Markets raised their price objective on shares of Granite Real Estate Investment Trust from C$86.00 to C$88.00 in a report on Monday, November 11th.

Granite Real Estate Investment Trust Company Profile

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.