Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$73.08 and traded as low as C$68.53. Granite Real Estate Investment Trust shares last traded at C$68.70, with a volume of 77,620 shares.
Analysts Set New Price Targets
A number of brokerages have commented on GRT.UN. Scotiabank cut their price target on shares of Granite Real Estate Investment Trust from C$87.00 to C$85.00 in a research note on Friday, February 28th. Raymond James decreased 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 Report on Granite Real Estate Investment Trust
Granite Real Estate Investment Trust Trading Down 1.4 %
The company's 50-day moving average is C$68.36 and its 200-day moving average is C$72.84. The company has a debt-to-equity ratio of 57.74, a quick ratio of 1.61 and a current ratio of 0.35. The firm has a market cap of C$4.20 billion, a price-to-earnings ratio of 18.45 and a beta of 1.18.
Granite Real Estate Investment Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a $0.2833 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a yield of 5.07%. Granite Real Estate Investment Trust's payout ratio is 90.91%.
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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