Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$72.50 and traded as high as C$81.31. Granite Real Estate Investment Trust shares last traded at C$81.14, with a volume of 84,129 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on GRT.UN. 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. TD Securities boosted 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 report on Wednesday, September 4th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$88.10.
Read Our Latest Stock Analysis on Granite Real Estate Investment Trust
Granite Real Estate Investment Trust Stock Performance
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 market cap of C$5.05 billion, a PE ratio of 22.19 and a beta of 1.17. The business has a fifty day simple moving average of C$75.77 and a two-hundred day simple moving average of C$72.54.
Granite Real Estate Investment Trust Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were issued a $0.275 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Friday, August 30th. Granite Real Estate Investment Trust's dividend payout ratio is currently 90.91%.
About Granite Real Estate Investment Trust
(
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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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