Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$74.10 and traded as low as C$67.54. Granite Real Estate Investment Trust shares last traded at C$68.12, with a volume of 162,939 shares.
Analyst Ratings Changes
Several brokerages have commented on GRT.UN. BMO Capital Markets boosted their target price on Granite Real Estate Investment Trust from C$86.00 to C$88.00 in a research note on Monday, November 11th. TD Securities upped their price objective on Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a research note on Friday, November 8th.
Check Out Our Latest Analysis on GRT.UN
Granite Real Estate Investment Trust Trading Down 0.1 %
The business has a fifty day moving average of C$69.93 and a 200-day moving average of C$73.99. 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 company has a market capitalization of C$4.27 billion, a P/E ratio of 18.74 and a beta of 1.18.
Granite Real Estate Investment Trust Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 14th were issued a $0.2833 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Friday, January 31st. 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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