Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U had its target price upped by equities research analysts at National Bankshares from C$85.00 to C$93.50 in a report released on Wednesday, BayStreet.CA reports. National Bankshares' price objective suggests a potential upside of 17.98% from the stock's current price.
GRT.UN has been the topic of a number of other research reports. Raymond James raised their price target on Granite Real Estate Investment Trust from C$90.00 to C$92.00 in a research report on Friday, September 6th. TD Securities raised 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 report on Wednesday, September 4th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$88.95.
Check Out Our Latest Stock Analysis on GRT.UN
Granite Real Estate Investment Trust Stock Performance
GRT.UN traded down C$0.45 during trading on Wednesday, hitting C$79.25. The stock had a trading volume of 72,022 shares, compared to its average volume of 81,402. The company has a debt-to-equity ratio of 57.74, a current ratio of 0.35 and a quick ratio of 1.61. The company has a 50 day moving average price of C$76.66 and a 200-day moving average price of C$72.80. Granite Real Estate Investment Trust has a one year low of C$62.72 and a one year high of C$82.88. The firm has a market cap of C$4.97 billion, a price-to-earnings ratio of 21.83 and a beta of 1.18.
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.
Featured Articles
Before you consider Granite Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Granite Real Estate Investment Trust wasn't on the list.
While Granite Real Estate Investment Trust currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
