Granite Real Estate Investment Trust (TSE:GRT.UN - Free Report) NASDAQ: GRP.U had its price target decreased by Scotiabank from C$87.00 to C$85.00 in a research report report published on Friday,BayStreet.CA reports.
Several other research firms also recently issued reports on GRT.UN. TD Securities increased their price objective on shares of Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a report on Friday, November 8th. BMO Capital Markets boosted their price target on Granite Real Estate Investment Trust from C$86.00 to C$88.00 in a research report on Monday, November 11th.
Check Out Our Latest Research Report on GRT.UN
Granite Real Estate Investment Trust Stock Performance
TSE GRT.UN traded up C$0.67 during trading hours on Friday, reaching C$68.18. The stock had a trading volume of 148,884 shares, compared to its average volume of 131,768. The stock has a fifty day moving average of C$69.05 and a 200 day moving average of C$73.56. The stock has a market cap of C$4.28 billion, a P/E ratio of 18.78 and a beta of 1.18. Granite Real Estate Investment Trust has a 52-week low of C$64.50 and a 52-week high of C$82.88. The company has a debt-to-equity ratio of 57.74, a quick ratio of 1.61 and a current ratio of 0.35.
Granite Real Estate Investment Trust Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be paid a $0.2833 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, February 28th. Granite Real Estate Investment Trust's dividend payout ratio is currently 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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