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

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.

Key Stats

• Today's Range: C$70.45 to C$71.12
• 50-Day Range: C$70.48 to C$79.29
• 52-Week Range: C$64.50 to C$82.88
• Volume: 8,929 shs
• Average Volume: 82,912 shs
• Market Capitalization: C$4.45 billion
• P/E Ratio: 19.55
• Dividend Yield: 4.65%
• Price Target: C$89.72
• Consensus Rating: Buy

Granite Real Estate Investment Trust Stock Analysis - 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.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Granite Real Estate Investment Trust has received a consensus rating of Buy. The company's average rating score is 3.17, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Granite Real Estate Investment Trust has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

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

• Score: N/A
• Short Interest Level: N/A

Short Interest

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

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

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

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.37

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.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

GRT.UN Stock Analysis - Frequently Asked Questions

How have GRT.UN shares performed this year?

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.

How do I buy shares of Granite Real Estate Investment Trust?

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

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Industrial
• Sub-Industry: Real Estate
• Current Symbol: TSE:GRT.UN
• CUSIP: N/A
• CIK: N/A
• Web: www.graniterealestate.com
• Phone: 647-925-7500
• 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

• EPS (Most Recent Fiscal Year): C$3.63
• Trailing P/E Ratio: 19.53
• Forward P/E Ratio: 12.71
• P/E Growth: N/A
• Net Income: C$229.71 million
• Net Margins: 42.50%
• Pretax Margin: N/A
• Return on Equity: 4.28%
• Return on Assets: 2.82%

Debt

• Debt-to-Equity Ratio: 57.74
• Current Ratio: 0.35
• Quick Ratio: 1.61

Sales & Book Value

• Annual Sales: C$540.51 million
• Price / Sales: 8.23
• Cash Flow: C$3.99 per share
• Price / Cash Flow: 17.78
• Book Value: C$86.53 per share
• Price / Book: 0.82

Miscellaneous

• Outstanding Shares: 62,740,000
• Free Float: N/A
• Market Cap: C$4.45 billion
• Optionable: Not Optionable
• Beta: 1.18