Granite Real Estate Investment Trust (TSE:GRT.UN) Price Target Raised to C$85.00

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price objective lifted by Scotiabank from C$80.00 to C$85.00 in a research report released on Friday morning,BayStreet.CA reports.

Several other research firms also recently weighed in on GRT.UN. CIBC increased their target price on Granite Real Estate Investment Trust from C$74.00 to C$85.00 in a research report on Wednesday, June 11th. TD Securities increased their target price on Granite Real Estate Investment Trust from C$77.00 to C$85.00 and gave the stock a “buy” rating in a research report on Friday.

Granite Real Estate Investment Trust Stock Performance

TSE GRT.UN opened at C$76.50 on Friday. The business’s 50-day moving average price is C$71.39 and its 200 day moving average price is C$67.93. Granite Real Estate Investment Trust has a twelve month low of C$55.25 and a twelve month high of C$82.88. The company has a market capitalization of C$4.80 billion, a PE ratio of 21.07 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.

About Granite Real Estate Investment Trust

Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, and management of primarily industrial properties in North America and Europe. Granite’s portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities.