Granite Real Estate Investment Trust (TSE:GRT.UN) Given Consensus Rating of “Buy” by Brokerages

by · The Cerbat Gem

Granite Real Estate Investment Trust (TSE:GRT.UN – Get Free Report) (NASDAQ:GRP.U) has earned a consensus rating of “Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$88.30.

A number of research firms have recently weighed in on GRT.UN. National Bankshares boosted their price target on Granite Real Estate Investment Trust from C$83.00 to C$87.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Royal Bank of Canada dropped their target price on Granite Real Estate Investment Trust from C$97.00 to C$86.00 and set an “outperform” rating for the company in a research note on Monday, November 13th. Scotiabank dropped their target price on Granite Real Estate Investment Trust from C$91.00 to C$88.00 and set an “outperform” rating for the company in a research note on Thursday, October 19th. Raymond James upped their target price on Granite Real Estate Investment Trust from C$90.00 to C$91.00 and gave the company a “strong-buy” rating in a research note on Monday, January 8th. Finally, CIBC dropped their target price on Granite Real Estate Investment Trust from C$93.00 to C$84.00 and set an “outperform” rating for the company in a research note on Friday, November 10th.

View Our Latest Report on GRT.UN

Granite Real Estate Investment Trust Stock Performance

Shares of GRT.UN stock opened at C$74.75 on Monday. Granite Real Estate Investment Trust has a 1 year low of C$62.72 and a 1 year high of C$87.82. The stock has a market cap of C$4.76 billion, a PE ratio of -373.75 and a beta of 1.13. The stock has a fifty day moving average price of C$74.78 and a 200 day moving average price of C$73.19. The company has a debt-to-equity ratio of 57.90, a quick ratio of 1.61 and a current ratio of 0.33.

About Granite Real Estate Investment Trust

(Get Free Report

Granite is a Canadian based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area.

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