National Bank Financial Issues Positive Forecast for Granite Real Estate Investment Trust (TSE:GRT.UN) Stock Price

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its target price increased by National Bank Financial from C$102.50 to C$110.00 in a research note published on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

GRT.UN has been the subject of several other research reports. Canadian Imperial Bank of Commerce boosted their target price on shares of Granite Real Estate Investment Trust from C$90.00 to C$98.00 in a research note on Friday, February 27th. TD Securities raised their price target on shares of Granite Real Estate Investment Trust from C$94.00 to C$96.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. BMO Capital Markets lifted their price target on shares of Granite Real Estate Investment Trust from C$87.00 to C$97.00 in a report on Friday, February 27th. Royal Bank Of Canada boosted their price objective on shares of Granite Real Estate Investment Trust from C$90.00 to C$100.00 in a research report on Friday, February 27th. Finally, Raymond James Financial lowered shares of Granite Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from C$93.00 to C$96.00 in a research note on Wednesday, January 14th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$96.38.

Granite Real Estate Investment Trust Trading Down 0.5%

TSE:GRT.UN opened at C$91.32 on Monday. The company has a market cap of C$5.53 billion, a PE ratio of 16.17 and a beta of 1.29. The business’s 50 day moving average is C$86.96 and its two-hundred day moving average is C$82.93. The company has a quick ratio of 1.61, a current ratio of 0.35 and a debt-to-equity ratio of 57.74. Granite Real Estate Investment Trust has a 52 week low of C$60.29 and a 52 week high of C$95.00.

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) last issued its quarterly earnings results on Wednesday, February 25th. The company reported C$2.24 earnings per share for the quarter. Granite Real Estate Investment Trust had a return on equity of 4.28% and a net margin of 42.50%.The business had revenue of C$161.76 million during the quarter. On average, analysts predict that Granite Real Estate Investment Trust will post 5.580574 EPS for the current year.

Granite Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a $0.2958 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a c) annualized dividend and a yield of 3.9%. Granite Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 60.40%.

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 147 investment properties representing approximately 62.6 million square feet of leasable area.