TSE:GRT.UN Granite Real Estate Investment Trust (GRT.UN) Stock Price, News & Analysis → The “Perfect Storm” for Gold (From Gold Safe Exchange) (Ad) Free GRT.UN Stock Alerts C$69.17 -3.09 (-4.28%) (As of 04/17/2024 ET) Add Compare Share Share Today's RangeC$68.92▼C$73.7450-Day RangeC$69.17▼C$77.6052-Week RangeC$62.72▼C$86.39Volume170,335 shsAverage Volume72,996 shsMarket CapitalizationC$4.38 billionP/E Ratio32.02Dividend Yield4.77%Price TargetC$88.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlinesStock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlines Get Granite Real Estate Investment Trust alerts: Email Address Granite Real Estate Investment Trust MarketRank™ Stock AnalysisAnalyst RatingBuy3.22 Rating ScoreUpside/Downside27.7% UpsideC$88.33 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider 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.3.54 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 3.22, and is based on 7 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageGranite Real Estate Investment Trust has only been the subject of 4 research reports in the past 90 days. 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 4.32%, 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 152.78%. Payout ratios above 75% are not desirable because they may not be sustainable. 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 3.2 News and Social Media Coverage News SentimentGranite Real Estate Investment Trust has a news sentiment score of 1.74. 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 0.37 average news sentiment score of Real Estate companies.News Coverage This WeekMarketBeat has tracked 1 news article for Granite Real Estate Investment Trust this week, compared to 0 articles on an average week. 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 0.33% of the stock of Granite Real Estate Investment Trust is held by insiders.Percentage Held by Institutions74.93% 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. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Real Estate Investment Trust is 32.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.94.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Real Estate Investment Trust is 32.02, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 210.51.Price to Book Value per Share RatioGranite Real Estate Investment Trust has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Gold Safe ExchangeThe “Perfect Storm” for GoldGold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.Click here now to download the free Precious Metals Buying Guide! 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 industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area.Read More GRT.UN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GRT.UN Stock News HeadlinesApril 13, 2024 | americanbankingnews.comGranite Real Estate Investment Trust (TSE:GRT.UN) Given Average Recommendation of "Buy" by AnalystsApril 4, 2024 | msn.com1 Passive-Income Stream and 1 Dividend Stock for $3,093.50 in 2024April 17, 2024 | Gold Safe Exchange (Ad)The “Perfect Storm” for GoldGold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.March 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 RecoverApril 17, 2024 | Gold Safe Exchange (Ad)The “Perfect Storm” for GoldGold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.September 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)July 17, 2023 | businesswire.comGranite REIT Declares Distribution for July 2023May 12, 2023 | markets.businessinsider.comLaurentian Bank of Canada Sticks to Their Buy Rating for Granite Real Estate (GRT.UN)April 28, 2023 | theglobeandmail.comClosing Bell: Granite Real Estate Investment Trust up on Friday (GRT-UN)April 14, 2023 | theglobeandmail.comClosing Bell: Granite Real Estate Investment Trust down on Thursday (GRT-UN)April 10, 2023 | theglobeandmail.comClosing Bell: Granite Real Estate Investment Trust up on Monday (GRT-UN)April 6, 2023 | theglobeandmail.comClosing Bell: Granite Real Estate Investment Trust up on Thursday (GRT-UN)March 15, 2023 | fool.ca3 Cheap Canadian REITs (Down Over 10%) to Buy in March 2023March 10, 2023 | finance.yahoo.comGranite Real Estate Investment Trust (TSE:GRT.UN) On An Uptrend: Could Fundamentals Be Driving The Stock?February 22, 2023 | fool.caTFSA Stocks: 3 Solid Options for February 2023February 22, 2023 | fool.ca3 Undervalued Canadian Stocks Worth a Buy Right NowJanuary 7, 2023 | au.finance.yahoo.comWith 67% ownership of the shares, Granite Real Estate Investment Trust (TSE:GRT.UN) is heavily dominated by institutional ownersNovember 27, 2022 | msn.comGet Set for Success in 2023 With 3 Top Canadian Dividend StocksNovember 27, 2022 | finance.yahoo.comIndependent Trustee Sheila Murray Just Bought A Handful Of Shares In Granite Real Estate Investment Trust (TSE:GRT.UN)September 24, 2022 | ca.finance.yahoo.com1 Value Stock Every Canadian Investor Should OwnSeptember 22, 2022 | msn.com2 Promising Real Estate Stocks to Buy at a Discounted PriceSee 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 3/15 Dividend2/28/2024Dividend Payable3/15/2024Ex-Dividend for 4/15 Dividend3/27/2024Dividend Payable4/15/2024Today4/17/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorReal Estate Industry REIT - Industrial Sub-IndustryN/A Current SymbolTSE:GRT.UN CUSIPN/A CIKN/A Webwww.graniterealestate.com Phone647-925-7500FaxN/AEmployees44Year FoundedN/APrice Target and Rating Average Stock Price TargetC$88.33 High Stock Price TargetC$95.00 Low Stock Price TargetC$84.00 Potential Upside/Downside+26.7%Consensus RatingBuy Rating Score (0-4)3.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.16 Trailing P/E Ratio32.27 Forward P/E Ratio13.05 P/E GrowthN/ANet IncomeC$136.66 million Net Margins26.22% Pretax MarginN/A Return on Equity2.57% Return on Assets2.67% Debt Debt-to-Equity Ratio58.81 Current Ratio0.40 Quick Ratio1.61 Sales & Book Value Annual SalesC$521.25 million Price / Sales8.47 Cash FlowC$3.92 per share Price / Cash Flow17.78 Book ValueC$83.29 per share Price / Book0.84Miscellaneous Outstanding Shares63,360,000Free FloatN/AMarket CapC$4.42 billion OptionableNot Optionable Beta1.14 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. Ilias KonstantopoulosChief Financial OfficerMr. Kevan S. Gorrie (Age 50)Pres, CEO & Director Mr. Lyle StrachanExec. VP of Fin. of the Racing & Gaming DivisionMr. Don MathewVP, Real Estate InvestmentMr. George HainesInterim Pres of Santa Anita Park & Golden Gate FieldsKey CompetitorsSummit Industrial Income REITTSE:SMU.UNDream Industrial Real Estate Invest TrstTSE:DIR.UNWPT Industrial Real Estate InvestmentTSE:WIR.UChoice Properties Real Est Invstmnt TrstTSE:CHP.UNTricon ResidentialTSE:TCNView All Competitors GRT.UN Stock Analysis - Frequently Asked Questions Should I buy or sell Granite Real Estate Investment Trust stock right now? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Real Estate Investment Trust in the last year. There are currently 7 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GRT.UN shares. View GRT.UN analyst ratings or view top-rated stocks. What is Granite Real Estate Investment Trust's stock price target for 2024? 9 brokerages have issued 1 year price targets for Granite Real Estate Investment Trust's shares. Their GRT.UN share price targets range from C$84.00 to C$95.00. On average, they predict the company's stock price to reach C$88.33 in the next twelve months. This suggests a possible upside of 27.7% from the stock's current price. View analysts price targets for GRT.UN or view top-rated stocks among Wall Street analysts. How have GRT.UN shares performed in 2024? Granite Real Estate Investment Trust's stock was trading at C$76.28 at the beginning of 2024. Since then, GRT.UN stock has decreased by 9.3% and is now trading at C$69.17. View the best growth stocks for 2024 here. How often does Granite Real Estate Investment Trust pay dividends? What is the dividend yield for Granite Real Estate Investment Trust? Granite Real Estate Investment Trust announced a monthly dividend on Wednesday, March 27th. Investors of record on Monday, April 15th will be given a dividend of 0.275 per share on Monday, April 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend is Wednesday, March 27th. Read our dividend analysis for GRT.UN. Is Granite Real Estate Investment Trust a good dividend stock? Granite Real Estate Investment Trust (TSE:GRT.UN) pays an annual dividend of C$3.30 per share and currently has a dividend yield of 4.32%. GRT.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 152.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for GRT.UN. What ETFs hold Granite Real Estate Investment Trust's stock? ETFs with the largest weight of Granite Real Estate Investment Trust (TSE:GRT.UN) stock in their portfolio include Pacer Industrial Real Estate ETF (INDS) and IQ CBRE NextGen Real Estate ETF (ROOF).Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN). 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 4/17/2024 by MarketBeat.com Staff From Our Partners[Urgent!] Generational Wealth GameplanCrypto 101 MediaDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe "Smart Money" Is Ready for May 1st Are You?Stansberry ResearchTop 5 AI Stocks to Buy for 2024Market Moving TrendsTop 5 Tech Stocks to Buy for 2024Daily Market AlertsOptions trading has suddenly become more reliable.Eagle Publishing[BUY ALERT] Our #1 A.I. Stock for AprilBehind the MarketsThe Greatest Bull Market in Crypto History…Weiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Granite Real Estate Investment Trust Please log in to your account or sign up in order to add this asset to your watchlist. 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