Granite Real Estate Investment Trust (TSE:GRT.UN – Get Free Report) (NASDAQ:GRP.U) has been given an average rating of “Buy” by the eight brokerages that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$87.60.
A number of research firms have weighed in on GRT.UN. Canaccord Genuity Group reduced their price target on Granite Real Estate Investment Trust from C$96.50 to C$90.00 in a research report on Friday, May 10th. TD Securities reduced their target price on shares of Granite Real Estate Investment Trust from C$88.00 to C$87.00 in a report on Friday, August 9th. CIBC lifted their price target on shares of Granite Real Estate Investment Trust from C$84.00 to C$85.00 in a research note on Friday, May 10th. Finally, National Bankshares cut their price target on shares of Granite Real Estate Investment Trust from C$87.00 to C$85.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th.
Get Our Latest Stock Report on Granite Real Estate Investment Trust
Granite Real Estate Investment Trust Trading Up 0.6 %
Granite Real Estate Investment Trust Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were issued a dividend of $0.275 per share. The ex-dividend date was Friday, May 31st. This represents a $3.30 annualized dividend and a dividend yield of 4.61%. Granite Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 96.77%.
About Granite Real Estate Investment Trust
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 143 investment properties representing approximately 62.9 million square feet of leasable area.
Featured Articles
- Five stocks we like better than Granite Real Estate Investment Trust
- How to Calculate Return on Investment (ROI)
- Columbia Sportswear: A Turnaround Story That’s Gaining Ground
- What Are Growth Stocks and Investing in Them
- Lowe’s Stock: Hold Now, Buy it When it Dips
- Insider Trading – What You Need to Know
- ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend
Receive News & Ratings for Granite Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.