Shares of Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$72.87 and traded as high as C$79.98. Granite Real Estate Investment Trust shares last traded at C$79.29, with a volume of 108,466 shares traded.
Analysts Set New Price Targets
Several research analysts recently weighed in on GRT.UN shares. TD Securities upped their price target on shares of Granite Real Estate Investment Trust from C$87.00 to C$91.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. National Bankshares upped their price target on shares of Granite Real Estate Investment Trust from C$85.00 to C$93.50 in a research report on Wednesday, October 9th. Finally, Raymond James upped their price target on shares of Granite Real Estate Investment Trust from C$90.00 to C$92.00 in a research report on Friday, September 6th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$88.95.
View Our Latest Research Report on GRT.UN
Granite Real Estate Investment Trust Price Performance
The stock's fifty day moving average price is C$77.03 and its two-hundred day moving average price is C$72.88. The firm has a market capitalization of C$4.93 billion, a price-to-earnings ratio of 21.84 and a beta of 1.18. 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 Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were paid a dividend of $0.275 per share. The ex-dividend date was Friday, August 30th. This represents a $3.30 annualized dividend and a yield of 4.20%. 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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