Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U's share price reached a new 52-week high during trading on Thursday . The company traded as high as C$82.56 and last traded at C$81.82, with a volume of 84636 shares changing hands. The stock had previously closed at C$81.68.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on GRT.UN. TD Securities boosted their target price on shares of Granite Real Estate Investment Trust from C$87.00 to C$91.00 and gave the company a "buy" rating in a research report on Wednesday, September 4th. Raymond James lifted their price target on shares of Granite Real Estate Investment Trust from C$90.00 to C$92.00 in a research note on Friday, September 6th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Granite Real Estate Investment Trust currently has an average rating of "Buy" and an average target price of C$88.10.
Get Our Latest Research Report on GRT.UN
Granite Real Estate Investment Trust Stock Down 0.6 %
The business has a 50-day moving average price of C$74.42 and a 200 day moving average price of C$72.18. The stock has a market capitalization of C$5.10 billion, a P/E ratio of 22.34 and a beta of 1.17. The company has a current ratio of 0.35, a quick ratio of 1.61 and a debt-to-equity ratio of 57.74.
Granite Real Estate Investment Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $3.30 dividend on an annualized basis and a yield of 4.06%. Granite Real Estate Investment Trust's dividend payout ratio (DPR) is presently 90.66%.
About Granite Real Estate Investment Trust
(
Get Free Report)
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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