Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$73.30 and traded as low as C$67.84. Granite Real Estate Investment Trust shares last traded at C$68.28, with a volume of 91,194 shares traded.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Scotiabank reduced their price objective on Granite Real Estate Investment Trust from C$87.00 to C$85.00 in a research report on Friday, February 28th. Raymond James reduced their price target on shares of Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a report on Friday, February 28th.
Check Out Our Latest Analysis on GRT.UN
Granite Real Estate Investment Trust Price Performance
The company has a quick ratio of 1.61, a current ratio of 0.35 and a debt-to-equity ratio of 57.74. The stock's 50-day moving average price is C$68.42 and its 200-day moving average price is C$73.19. The company has a market capitalization of C$4.25 billion, a price-to-earnings ratio of 18.65 and a beta of 1.18.
Granite Real Estate Investment Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a dividend of $0.2833 per share. The ex-dividend date was Friday, February 28th. This represents a $3.40 annualized dividend and a yield of 5.02%. Granite Real Estate Investment Trust's dividend payout ratio is currently 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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