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TSE:GRT.UN

Granite Real Estate Investment Trust (GRT.UN) Stock Price, News & Analysis

Granite Real Estate Investment Trust logo
C$70.91 +0.43 (+0.61%)
(As of 10:37 AM ET)

About Granite Real Estate Investment Trust Stock (TSE:GRT.UN)

Key Stats

Today's Range
C$70.45
C$71.00
50-Day Range
C$70.48
C$79.29
52-Week Range
C$64.50
C$82.88
Volume
5,926 shs
Average Volume
82,895 shs
Market Capitalization
C$4.45 billion
P/E Ratio
19.53
Dividend Yield
4.65%
Price Target
C$89.72
Consensus Rating
Buy

Company Overview

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.

Granite Real Estate Investment Trust Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
75th Percentile Overall Score

GRT.UN MarketRank™: 

Granite Real Estate Investment Trust scored higher than 75% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Granite Real Estate Investment Trust is 19.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.19.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Granite Real Estate Investment Trust is 19.53, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 244.14.

  • Price to Book Value per Share Ratio

    Granite Real Estate Investment Trust has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for GRT.UN.
  • Dividend Leadership

    Granite Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 4.29%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Granite Real Estate Investment Trust does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Granite Real Estate Investment Trust is 90.91%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Read more about Granite Real Estate Investment Trust's dividend.
  • Short Interest

    There is no current short interest data available for GRT.UN.
  • News Sentiment

    Granite Real Estate Investment Trust has a news sentiment score of 1.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Real Estate companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Granite Real Estate Investment Trust this week, compared to 0 articles on an average week.
  • Search Interest

    Only 1 people have searched for GRT.UN on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Granite Real Estate Investment Trust insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.32% of the stock of Granite Real Estate Investment Trust is held by insiders.

  • Percentage Held by Institutions

    72.38% of the stock of Granite Real Estate Investment Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Granite Real Estate Investment Trust's insider trading history.
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GRT.UN Stock News Headlines

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GRT.UN Stock Analysis - Frequently Asked Questions

Granite Real Estate Investment Trust's stock was trading at C$76.28 at the beginning of 2024. Since then, GRT.UN stock has decreased by 7.0% and is now trading at C$70.91.
View the best growth stocks for 2024 here
.

Shares of GRT.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Company Calendar

Ex-Dividend for 12/16 Dividend
11/27/2024
Dividend Payable
12/16/2024
Today
12/24/2024

Industry, Sector and Symbol

Industry
REIT - Industrial
Sub-Industry
Real Estate
Current Symbol
TSE:GRT.UN
CIK
N/A
Fax
N/A
Employees
54
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$89.72
High Stock Price Target
C$93.50
Low Stock Price Target
C$85.00
Potential Upside/Downside
+26.5%
Consensus Rating
Buy
Rating Score (0-4)
3.17
Research Coverage
6 Analysts

Profitability

Net Income
C$229.71 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$540.51 million
Cash Flow
C$3.99 per share
Book Value
C$86.53 per share

Miscellaneous

Free Float
N/A
Market Cap
C$4.45 billion
Optionable
Not Optionable
Beta
1.18
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This page (TSE:GRT.UN) was last updated on 12/24/2024 by MarketBeat.com Staff
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