Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U had its price objective reduced by analysts at Raymond James from C$93.00 to C$88.00 in a research report issued on Friday,BayStreet.CA reports. Raymond James' price target suggests a potential upside of 32.25% from the stock's previous close.
A number of other equities research analysts have also recently weighed in on the stock. TD Securities lifted their price objective on shares of Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a research note on Friday, November 8th. BMO Capital Markets boosted their price target on shares of Granite Real Estate Investment Trust from C$86.00 to C$88.00 in a research report on Monday, November 11th. Finally, Scotiabank decreased their price objective on shares of Granite Real Estate Investment Trust from C$87.00 to C$85.00 in a report on Friday.
View Our Latest Research Report on Granite Real Estate Investment Trust
Granite Real Estate Investment Trust Stock Performance
GRT.UN traded down C$0.97 during trading hours on Friday, hitting C$66.54. The company's stock had a trading volume of 40,056 shares, compared to its average volume of 128,620. The company has a 50-day simple moving average of C$69.05 and a 200 day simple moving average of C$73.56. The company has a current ratio of 0.35, a quick ratio of 1.61 and a debt-to-equity ratio of 57.74. The firm has a market capitalization of C$4.17 billion, a PE ratio of 18.33 and a beta of 1.18. Granite Real Estate Investment Trust has a fifty-two week low of C$64.50 and a fifty-two week high of C$82.88.
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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