Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U had its price target dropped by Scotiabank from C$85.00 to C$75.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Scotiabank's price objective suggests a potential upside of 27.42% from the stock's previous close.
Separately, Raymond James dropped 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.
Get Our Latest Stock Report on GRT.UN
Granite Real Estate Investment Trust Price Performance
GRT.UN stock traded up C$0.32 during mid-day trading on Tuesday, hitting C$58.86. The company had a trading volume of 126,595 shares, compared to its average volume of 133,634. The company has a 50-day moving average price of C$66.54 and a 200 day moving average price of C$71.46. Granite Real Estate Investment Trust has a 12-month low of C$55.25 and a 12-month high of C$82.88. The company has a market capitalization of C$3.69 billion, a price-to-earnings ratio of 16.21 and a beta of 1.18. The company has a quick ratio of 1.61, a current ratio of 0.35 and a debt-to-equity ratio of 57.74.
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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