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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
TSE:GRT.UN

Granite Real Estate Investment Trust (GRT.UN) Stock Price, News & Analysis

C$77.31
+0.30 (+0.39%)
(As of 03/28/2024 ET)
Today's Range
C$76.44
C$78.20
50-Day Range
C$70.44
C$77.31
52-Week Range
C$62.72
C$86.39
Volume
111,175 shs
Average Volume
76,986 shs
Market Capitalization
C$4.90 billion
P/E Ratio
35.79
Dividend Yield
4.27%
Price Target
C$88.33

Granite Real Estate Investment Trust MarketRank™ Stock Analysis

Analyst Rating
Buy
3.22 Rating Score
Upside/​Downside
14.3% Upside
C$88.33 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.33mentions of Granite Real Estate Investment Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

3.73 out of 5 stars

GRT.UN stock logo

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.

GRT.UN Stock Price History

GRT.UN Stock News Headlines

A lot of people are making this costly mistake
You may have heard the saying “options are risky” … And, they can be. But only if you use them the way a lot of folks do. A lot of people think of BUYING speculative options when they talk about options. And BUYING low probability, speculative options is definitely risky… It’s how some folks leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time.
Granite REIT: Rock Around The Clock
Granite REIT Declares Distribution for January 2024
Granite REIT Declares Distribution for November 2023
BMO Capital Thinks Granite Real Estate’s Stock is Going to Recover
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Granite REIT Declares Distribution for August 2023
RBC Capital Keeps a Buy Rating on Granite Real Estate (GRT.UN)
Granite REIT Declares Distribution for July 2023
1 Value Stock Every Canadian Investor Should Own
Forget the P/E Ratio: This is What Investors Need to Know
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/28/2024
Dividend Payable
3/15/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Today
3/28/2024
Dividend Payable
4/15/2024

Industry, Sector and Symbol

Industry
REIT - Industrial
Sub-Industry
N/A
Current Symbol
TSE:GRT.UN
CIK
N/A
Fax
N/A
Employees
44
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$88.33
High Stock Price Target
C$95.00
Low Stock Price Target
C$84.00
Potential Upside/Downside
+14.3%
Consensus Rating
Buy
Rating Score (0-4)
3.22
Research Coverage
9 Analysts

Profitability

Net Income
C$136.66 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$521.25 million
Cash Flow
C$4.35 per share
Book Value
C$83.29 per share

Miscellaneous

Free Float
N/A
Market Cap
C$4.90 billion
Optionable
Not Optionable
Beta
1.11
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Key Executives

  • Mr. Ilias Konstantopoulos
    Chief Financial Officer
  • Mr. Kevan S. Gorrie (Age 50)
    Pres, CEO & Director
  • Mr. Lyle Strachan
    Exec. VP of Fin. of the Racing & Gaming Division
  • Mr. Don Mathew
    VP, Real Estate Investment
  • Mr. George Haines
    Interim Pres of Santa Anita Park & Golden Gate Fields

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 brokers have issued 12 month 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 year. This suggests a possible upside of 14.3% 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 on January 1st, 2024. Since then, GRT.UN shares have increased by 1.4% and is now trading at C$77.31.
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 declared a monthly dividend on Wednesday, March 27th. Shareholders of record on Monday, April 15th will be paid a dividend of 0.275 per share on Monday, April 15th. This represents a $3.30 dividend on an annualized basis and a yield of 4.27%. 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 4.44%. 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.

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 3/29/2024 by MarketBeat.com Staff

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