Canadian Imperial Bank of Commerce Raises Granite Real Estate Investment Trust (TSE:GRT.UN) Price Target to C$98.00

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price objective increased by Canadian Imperial Bank of Commerce from C$90.00 to C$98.00 in a research note issued to investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price would suggest a potential upside of 6.56% from the stock’s current price.

Several other equities research analysts also recently weighed in on GRT.UN. Raymond James Financial downgraded shares of Granite Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and boosted their target price for the stock from C$93.00 to C$96.00 in a research report on Wednesday, January 14th. Royal Bank Of Canada lifted their price target on Granite Real Estate Investment Trust from C$90.00 to C$100.00 in a research note on Friday. BMO Capital Markets boosted their price objective on Granite Real Estate Investment Trust from C$84.00 to C$87.00 in a report on Monday, November 10th. Finally, TD Securities increased their target price on Granite Real Estate Investment Trust from C$94.00 to C$96.00 and gave the stock a “buy” rating in a report on Friday. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$93.38.

Granite Real Estate Investment Trust Stock Performance

Granite Real Estate Investment Trust stock opened at C$91.97 on Friday. Granite Real Estate Investment Trust has a 12-month low of C$55.25 and a 12-month high of C$92.89. The company has a debt-to-equity ratio of 57.74, a current ratio of 0.35 and a quick ratio of 1.61. The company has a market capitalization of C$5.57 billion, a price-to-earnings ratio of 19.45 and a beta of 1.29. The firm’s fifty day moving average price is C$86.35 and its 200 day moving average price is C$80.82.

Granite Real Estate Investment Trust News Summary

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 Company Profile

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.