TSE:GRT.UN Granite Real Estate Investment Trust (GRT.UN) Stock Price, News & Analysis Add Compare Share Share Today's Range N/A50-Day RangeC$67.22▼C$77.5252-Week Range N/AVolume44,858 shsAverage Volume82,121 shsMarket CapitalizationC$4.74 billionP/E Ratio20.77Dividend Yield4.31%Price TargetC$88.10 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlinesStock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlines Get Granite Real Estate Investment Trust alerts: Email Address Granite Real Estate Investment Trust MarketRank™ Stock AnalysisAnalyst RatingBuy3.11 Rating ScoreUpside/Downside∞ UpsideC$88.10 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.33Based on 5 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.31 out of 5 stars 3.6 Analyst's Opinion Consensus RatingGranite Real Estate Investment Trust has received a consensus rating of Buy. The company's average rating score is 3.11, and is based on 8 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageGranite Real Estate Investment Trust has only been the subject of 1 research reports in the past 90 days.Read more about Granite Real Estate Investment Trust's stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for GRT.UN. Previous Next 1.7 Dividend Strength Dividend LeadershipGranite Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 4.31%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGranite Real Estate Investment Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Granite Real Estate Investment Trust is 90.66%. Payout ratios above 75% are not desirable because they may not be sustainable.Read more about Granite Real Estate Investment Trust's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GRT.UN. Previous Next 3.5 News and Social Media Coverage News SentimentGranite Real Estate Investment Trust has a news sentiment score of 1.33. 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 0.52 average news sentiment score of Real Estate companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Granite Real Estate Investment Trust this week, compared to 0 articles on an average week.Search Interest2 people have searched for GRT.UN on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Granite Real Estate Investment Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.32% of the stock of Granite Real Estate Investment Trust is held by insiders.Percentage Held by Institutions72.99% 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.Read more about Granite Real Estate Investment Trust's insider trading history. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Real Estate Investment Trust is 20.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Real Estate Investment Trust is 20.77, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 258.43. Previous Next See Top Rated MarketRank™ Stocks Here Ad Deal MakerThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. About Granite Real Estate Investment Trust Stock (TSE:GRT.UN)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.Read More Ad Deal MakerThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. GRT.UN Stock News HeadlinesSeptember 6 at 1:33 AM | americanbankingnews.comGranite Real Estate Investment Trust (TSE:GRT.UN) PT Raised to C$91.00August 22, 2024 | msn.comBeginner Investors: 3 Top Canadian Stocks for 2024September 7, 2024 | True Gold Republic (Ad)China Stockpiling Gold “Like No Tomorrow”For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… . August 8, 2024 | morningstar.comGranite Real Estate Investment Trust Stapled Units Cons of 1 Shs of Granite GRT.UNJuly 31, 2024 | investing.comGranite Real Estate Investment Trust (GRP_u)July 19, 2024 | finance.yahoo.comGranite REIT Declares Distribution for July 2024May 17, 2024 | finance.yahoo.comGranite REIT Declares Distribution for May 2024May 8, 2024 | finance.yahoo.comGranite Announces 2024 First Quarter ResultsSeptember 7, 2024 | True Gold Republic (Ad)China Stockpiling Gold “Like No Tomorrow”For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… . April 4, 2024 | msn.com1 Passive-Income Stream and 1 Dividend Stock for $3,093.50 in 2024March 20, 2024 | fool.caTSX:GRT.UN (Granite Real Estate Investment Trust)March 4, 2024 | seekingalpha.comGranite REIT: Rock Around The ClockJanuary 17, 2024 | stockhouse.comGranite REIT Declares Distribution for January 2024November 17, 2023 | financialpost.comGranite REIT Declares Distribution for November 2023October 20, 2023 | markets.businessinsider.comBMO Capital Thinks Granite Real Estate’s Stock is Going to RecoverSeptember 25, 2023 | ca.finance.yahoo.comHow to Invest $10,000 Today for Decades of Safe Passive IncomeAugust 17, 2023 | technews.tmcnet.comGranite REIT Declares Distribution for August 2023August 14, 2023 | markets.businessinsider.comRBC Capital Keeps a Buy Rating on Granite Real Estate (GRT.UN)See More Headlines Receive GRT.UN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Granite Real Estate Investment Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 6/14 Dividend5/31/2024Dividend Payable6/14/2024Ex-Dividend for 9/16 Dividend8/30/2024Today9/07/2024Dividend Payable9/16/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorReal Estate Industry REIT - Industrial Sub-IndustryReal Estate Current SymbolTSE:GRT.UN CUSIPN/A CIKN/A Webwww.graniterealestate.com Phone647-925-7500FaxN/AEmployees54Year FoundedN/APrice Target and Rating Average Stock Price TargetC$88.10 High Stock Price TargetC$92.00 Low Stock Price TargetC$84.00 Consensus RatingBuy Rating Score (0-4)3.11 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)C$3.64 Trailing P/E Ratio20.77 Forward P/E RatioN/A P/E GrowthN/ANet IncomeC$229.71 million Net Margins42.50% Pretax MarginN/A Return on Equity4.28% Return on Assets2.82% Debt Debt-to-Equity Ratio57.74 Current Ratio0.35 Quick Ratio1.61 Sales & Book Value Annual SalesC$540.51 million Price / Sales0.00 Cash FlowN/A Price / Cash Flow17.78 Book ValueC$86.53 per share Price / BookN/AMiscellaneous Outstanding Shares62,740,000Free FloatN/AMarket CapC$4.74 billion OptionableNot Optionable Beta1.17 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Kevan S. Gorrie ICD.D (Age 55)P. Eng, President, CEO & Trustee Comp: $1.99MMs. Teresa Neto CA (Age 58)Chief Financial Officer Comp: $960.47kMr. Michael A. RamparasExecutive VP of Global Real Estate & Head of InvestmentsMr. Lawrence ClarfieldExecutive VP, General Counsel & Corporate SecretaryMr. Lorne KumerExecutive VP & Head of Global Real EstateAndrea SanelliManager of Legal & Investor ServicesMr. Witsard SchaperSenior VP & Head of EuropeMs. Kristy BoysSenior Vice President of FinanceMr. Jon SorgSenior VP & Head of U.S.Mr. Keith StephenVice President of Sustainability & EnvironmentMore ExecutivesKey CompetitorsFirstServiceTSE:FSVColliers International GroupTSE:CIGITricon ResidentialTSE:TCNSnowline GoldCVE:SGDReal BrokerageTSE:REAXView All Competitors GRT.UN Stock Analysis - Frequently Asked Questions 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. This page (TSE:GRT.UN) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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