Royal Bank Of Canada Forecasts Strong Price Appreciation for Granite Real Estate Investment Trust (TSE:GRT.UN) Stock

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its target price increased by investment analysts at Royal Bank Of Canada from C$90.00 to C$100.00 in a report released on Friday,BayStreet.CA reports. Royal Bank Of Canada’s price objective points to a potential upside of 8.73% from the stock’s current price.

GRT.UN has been the topic of several other reports. Raymond James Financial downgraded shares of Granite Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from C$93.00 to C$96.00 in a report on Wednesday, January 14th. TD Securities upped their price target on shares of Granite Real Estate Investment Trust from C$94.00 to C$96.00 and gave the company a “buy” rating in a report on Friday. Finally, BMO Capital Markets lifted their price objective on Granite Real Estate Investment Trust from C$84.00 to C$87.00 in a research note on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$93.38.

Granite Real Estate Investment Trust Trading Up 2.7%

Shares of Granite Real Estate Investment Trust stock opened at C$91.97 on Friday. The firm’s 50 day simple moving average is C$86.35 and its two-hundred day simple moving average is C$80.82. The firm has a market capitalization of C$5.57 billion, a price-to-earnings ratio of 19.45 and a beta of 1.29. 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 current ratio of 0.35, a quick ratio of 1.61 and a debt-to-equity ratio of 57.74.

Granite Real Estate Investment Trust News Roundup

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.