Granite Real Estate Investment Trust Plans 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 Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.2833 per share on Tuesday, April 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date is Monday, March 31st.

Granite Real Estate Investment Trust Stock Performance

TSE GRT.UN traded down C$0.70 on Wednesday, reaching C$65.80. The stock had a trading volume of 39,457 shares, compared to its average volume of 125,531. 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 company has a market cap of C$4.13 billion, a P/E ratio of 18.13 and a beta of 1.18. The firm has a fifty day moving average of C$68.34 and a two-hundred day moving average of C$72.78. Granite Real Estate Investment Trust has a 1-year low of C$64.50 and a 1-year high of C$82.88.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GRT.UN shares. Raymond James cut their price target on Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a research note on Friday, February 28th. Scotiabank cut their target price on Granite Real Estate Investment Trust from C$87.00 to C$85.00 in a research report on Friday, February 28th.

About Granite Real Estate Investment Trust

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.