Shares of Granite Real Estate Investment Trust (TSE:GRT.UN – Get Free Report) (NASDAQ:GRP.U) have earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$102.50.
GRT.UN has been the subject of a number of analyst reports. National Bank Financial reduced their target price on shares of Granite Real Estate Investment Trust from C$112.00 to C$100.00 and set an “outperform” rating for the company in a research note on Wednesday, October 21st. Raymond James Financial decreased their price objective on shares of Granite Real Estate Investment Trust from C$110.00 to C$106.00 and set an “outperform” rating for the company in a report on Friday, August 7th. TD upped their price objective on shares of Granite Real Estate Investment Trust from C$101.00 to C$103.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Desjardins increased their target price on shares of 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.
Check Out Our Latest Stock Report on Granite Real Estate Investment Trust
Granite Real Estate Investment Trust Stock Up 0.3%
Shares of Granite Real Estate Investment Trust stock opened at C$84.57 on Friday. The firm has a market cap of C$5.25 billion, a price-to-earnings ratio of 13.99 and a beta of 1.48. The company has a debt-to-equity ratio of 57.74, a current ratio of 0.35 and a quick ratio of 1.61. Granite Real Estate Investment Trust has a 52-week low of C$75.00 and a 52-week high of C$101.50. The stock has a 50-day simple moving average of C$85.54 and a 200-day simple moving average of C$89.76.
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$1.14 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 firm had revenue of C$165.09 million for the quarter. On average, equities research analysts expect that Granite Real Estate Investment Trust will post 5.58 earnings per share for the current fiscal 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.
Recommended Stories
- Five stocks we like better than Granite Real Estate Investment Trust
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
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.
