Brokerages Set Granite Real Estate Investment Trust (TSE:GRT.UN) PT at C$103.50

Posted by George Bondi on Sep 17th, 2026

Shares of Granite Real Estate Investment Trust (TSE:GRT.UN – Get Free Report) (NASDAQ:GRP.U) have earned a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$103.50.

Several brokerages recently issued reports on GRT.UN. TD upped their price objective on shares of Granite Real Estate Investment Trust from C$101.00 to C$103.00 and gave the company a “buy” rating in a research note 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 stock a “buy” rating in a research report on Friday, August 7th. Finally, Raymond James Financial cut their target price on Granite Real Estate Investment Trust from C$110.00 to C$106.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th.

View Our Latest Analysis on Granite Real Estate Investment Trust

Granite Real Estate Investment Trust Stock Down 0.5%

Shares of GRT.UN stock opened at C$83.00 on Thursday. The stock has a 50 day moving average of C$92.17 and a 200 day moving average of C$91.47. The company has a current ratio of 0.35, a quick ratio of 1.61 and a debt-to-equity ratio of 57.74. The stock has a market cap of C$5.15 billion, a P/E ratio of 13.73 and a beta of 1.41. Granite Real Estate Investment Trust has a twelve month low of C$75.00 and a twelve month high of C$101.50.

Granite Real Estate Investment Trust (TSE:GRT.UN – Get Free Report) (NASDAQ:GRP.U) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.16 EPS for the quarter. Granite Real Estate Investment Trust had a return on equity of 4.28% and a net margin of 42.50%.The business had revenue of C$165.09 million for the quarter. As a group, sell-side analysts expect that Granite Real Estate Investment Trust will post 5.580574 EPS for the current year.

Granite Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were issued a $0.2958 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a yield of 4.3%. Granite Real Estate Investment Trust’s dividend payout ratio (DPR) is 57.68%.

About Granite Real Estate Investment Trust

(Get Free Report)

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.