Granite Real Estate Investment Trust (TSE:GRT.UN) PT Raised to C$86.00

Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U had its price objective lifted by analysts at BMO Capital Markets from C$84.00 to C$86.00 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets' price target indicates a potential upside of 12.37% from the company's previous close.

Several other equities analysts have also recently weighed in on the company. National Bankshares lifted their target price on Granite Real Estate Investment Trust from C$85.00 to C$93.50 in a research note on Wednesday, October 9th. Raymond James lifted their target price on Granite Real Estate Investment Trust from C$90.00 to C$92.00 in a research note on Friday, September 6th. Finally, TD Securities lifted their target price on Granite Real Estate Investment Trust from C$87.00 to C$91.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Granite Real Estate Investment Trust has an average rating of "Buy" and a consensus price target of C$89.28.

Granite Real Estate Investment Trust Stock Up 0.1 %

TSE:GRT.UN traded up C$0.10 on Monday, hitting C$76.53. 75,007 shares of the company's stock traded hands, compared to its average volume of 82,567. 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 has a 1 year low of C$62.72 and a 1 year high of C$82.88. The firm has a 50-day moving average price of C$77.64 and a 200-day moving average price of C$72.90. The company has a market cap of C$4.80 billion, a PE ratio of 21.07 and a beta of 1.18.

About Granite Real Estate Investment Trust

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.