Granite Real Estate Investment Trust (TSE:GRT.UN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price objective increased by BMO Capital Markets from C$86.00 to C$88.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 15.41% from the company’s current price.

GRT.UN has been the subject of a number of other reports. Raymond James upped their price target on shares of Granite Real Estate Investment Trust from C$90.00 to C$92.00 in a report on Friday, September 6th. National Bankshares increased their target price on shares of Granite Real Estate Investment Trust from C$85.00 to C$93.50 in a research note on Wednesday, October 9th. Finally, TD Securities increased their target price on shares of Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a research note on Friday, November 8th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$89.72.

Granite Real Estate Investment Trust Stock Down 0.4 %

GRT.UN stock opened at C$76.25 on Monday. The company has a debt-to-equity ratio of 57.74, a current ratio of 0.35 and a quick ratio of 1.61. Granite Real Estate Investment Trust has a 52-week low of C$63.70 and a 52-week high of C$82.88. The company has a 50-day moving average of C$78.10 and a two-hundred day moving average of C$72.95. The stock has a market capitalization of C$4.78 billion, a price-to-earnings ratio of 21.01 and a beta of 1.18.

Granite Real Estate Investment Trust Company Profile

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.