Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$74.02 and traded as low as C$69.29. Granite Real Estate Investment Trust shares last traded at C$69.38, with a volume of 142,600 shares.
Analysts Set New Price Targets
A number of research firms have recently weighed in on GRT.UN. 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 note on Wednesday, October 9th. TD Securities upped their target price on shares of Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a research report on Friday, November 8th. Finally, 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 report on Monday, November 11th.
Get Our Latest Analysis on GRT.UN
Granite Real Estate Investment Trust Price Performance
The company's 50-day moving average is C$72.00 and its 200-day moving average is C$74.02. The firm has a market capitalization of C$4.40 billion, a price-to-earnings ratio of 19.33 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.
Granite Real Estate Investment Trust Increases Dividend
The company also recently declared a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.2833 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date was Tuesday, December 31st. This is an increase from Granite Real Estate Investment Trust's previous monthly dividend of $0.28. Granite Real Estate Investment Trust's payout ratio is 90.91%.
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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