Granite Real Estate Investment Trust (TSE:GRT.UN) Hits New 12-Month High After Analyst Upgrade

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U)’s stock price hit a new 52-week high during trading on Friday after BMO Capital Markets raised their price target on the stock from C$87.00 to C$97.00. The stock traded as high as C$92.76 and last traded at C$92.76, with a volume of 83136 shares. The stock had previously closed at C$89.57.

Several other research analysts have also recently weighed in on the company. TD Securities upped their price objective on 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. Raymond James Financial lowered shares of Granite Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from C$93.00 to C$96.00 in a research report on Wednesday, January 14th. Royal Bank Of Canada raised their target price on shares of Granite Real Estate Investment Trust from C$90.00 to C$100.00 in a research report on Friday. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Granite Real Estate Investment Trust from C$90.00 to C$98.00 in a research note on Friday. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$93.38.

Trending Headlines about Granite Real Estate Investment Trust

Here are the key news stories impacting Granite Real Estate Investment Trust this week:

• Positive Sentiment: BMO raised its price target from C$87.00 to C$97.00, signaling increased upside versus the prior target and contributing to bullish broker tone. BayStreet.ca analyst ratings
• Positive Sentiment: CIBC lifted its target to C$98.00 (from C$90.00), reinforcing the positive reassessment of Granite’s outlook. BayStreet.ca analyst ratings
• Positive Sentiment: RBC increased its target to C$100.00 (from C$90.00), the largest raise reported, which supports further upside expectations. BayStreet.ca analyst ratings
• Positive Sentiment: TD Securities trimmed its target range to C$96.00 (from C$94.00) and reiterated a “buy” rating, adding conviction to the upgrade-driven move. BayStreet.ca analyst ratings
• Neutral Sentiment: Granite appears in a broader bullish screen of Canadian stocks for 2026, which can attract momentum investors but is not company-specific news. MSN: 2 Canadian Stocks Primed to Surge in 2026
• Neutral Sentiment: Coverage of investor reaction to Granite renewing its C$250M ATM equity program is mixed—the program provides capital flexibility (positive) but raises potential dilution concerns (negative), so market impact depends on whether management taps the facility. Yahoo Finance: Investors Reacting to Granite REIT ATM Program

Granite Real Estate Investment Trust Trading Up 2.7%

The company has a debt-to-equity ratio of 57.74, a quick ratio of 1.61 and a current ratio of 0.35. The firm has a market capitalization of C$5.57 billion, a PE ratio of 19.45 and a beta of 1.29. The stock’s 50-day simple moving average is C$86.35 and its 200-day simple moving average is C$80.80.

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. The vast majority of the company’s assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S.