Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$74.12 and traded as low as C$67.27. Granite Real Estate Investment Trust shares last traded at C$69.71, with a volume of 111,034 shares traded.
Analysts Set New Price Targets
A number of research firms recently commented on GRT.UN. BMO Capital Markets lifted their price target on Granite Real Estate Investment Trust from C$86.00 to C$88.00 in a report on Monday, November 11th. TD Securities raised their price target on Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a report on Friday, November 8th.
Read Our Latest Analysis on GRT.UN
Granite Real Estate Investment Trust Trading Down 2.0 %
The firm's 50-day moving average price is C$70.69 and its 200 day moving average price is C$74.13. The company has a market cap of C$4.36 billion, a price-to-earnings ratio of 19.14 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.
Granite Real Estate Investment Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.2833 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $3.40 dividend on an annualized basis and a yield of 4.89%. Granite Real Estate Investment Trust's dividend payout ratio (DPR) is currently 90.91%.
About Granite Real Estate Investment Trust
(
Get Free Report)
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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