BMO Capital Markets Increases Granite Real Estate Investment Trust (TSE:GRT.UN) Price Target to C$97.00

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its target price boosted by equities researchers at BMO Capital Markets from C$87.00 to C$97.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 5.47% from the company’s current price.

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

Granite Real Estate Investment Trust Stock Performance

GRT.UN opened at C$91.97 on Friday. The firm has a market cap of C$5.57 billion, a P/E ratio of 19.45 and a beta of 1.29. The company has a debt-to-equity ratio of 57.74, a quick ratio of 1.61 and a current ratio of 0.35. Granite Real Estate Investment Trust has a 52-week low of C$55.25 and a 52-week high of C$92.89. The business’s fifty day moving average is C$86.35 and its 200-day moving average is C$80.82.

Key Stories Impacting 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

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.