Granite Real Estate Investment Trust (GRT.UN.TO) – What Are Researchers Thinking About This Stock?

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) has earned an average rating of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$102.50.

A number of equities analysts have issued reports on GRT.UN shares. TD increased their price target on Granite Real Estate Investment Trust from C$101.00 to C$103.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Desjardins raised their price objective on Granite Real Estate Investment Trust from C$106.00 to C$108.00 and gave the company a “buy” rating in a report on Friday, August 7th. Raymond James Financial cut their price objective on Granite Real Estate Investment Trust from C$110.00 to C$106.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Finally, National Bank Financial cut their price objective on Granite Real Estate Investment Trust from C$112.00 to C$100.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st.

Granite Real Estate Investment Trust Stock Down 0.2%

GRT.UN opened at C$87.08 on Friday. The company has a fifty day moving average of C$85.14 and a two-hundred day moving average of C$89.70. The stock has a market capitalization of C$5.41 billion, a price-to-earnings ratio of 14.40 and a beta of 1.36. Granite Real Estate Investment Trust has a fifty-two week low of C$75.00 and a fifty-two week high of C$101.50. 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 (TSE:GRT.UN) (NASDAQ:GRP.U) last posted its earnings results on Wednesday, November 4th. The company reported C$1.26 earnings per share (EPS) for the quarter. Granite Real Estate Investment Trust had a net margin of 42.50% and a return on equity of 4.28%. The business had revenue of C$166.56 million for the quarter. On average, research analysts expect that Granite Real Estate Investment Trust will post 5.58 earnings per share for the current year.

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 147 investment properties representing approximately 62.6 million square feet of leasable area.