Granite Real Estate Investment Trust (TSE:GRT.UN) Price Target Raised to C$85.00

Posted by Amy Steele on Jun 14th, 2025

Granite Real Estate Investment Trust (TSE:GRT.UN – Free Report) (NASDAQ:GRP.U) had its price target increased by CIBC from C$74.00 to C$85.00 in a research report released on Wednesday morning,BayStreet.CA reports.

Several other research analysts have also recently issued reports on GRT.UN. Raymond James decreased their price objective on shares of Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a report on Friday, February 28th. TD Securities cut their price target on shares of Granite Real Estate Investment Trust from C$87.00 to C$77.00 in a report on Monday, April 21st. Finally, Scotiabank lowered their target price on shares of Granite Real Estate Investment Trust from C$85.00 to C$75.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th.

View Our Latest Stock Analysis on GRT.UN

Granite Real Estate Investment Trust Stock Performance

Shares of GRT.UN stock opened at C$70.38 on Wednesday. The firm has a market capitalization of C$4.42 billion, a P/E ratio of 19.39 and a beta of 1.18. The company’s fifty day moving average price is C$65.27 and its two-hundred day moving average price is C$67.89. 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 12 month low of C$55.25 and a 12 month high of C$82.88.

Granite Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.2833 per share. The ex-dividend date was Monday, March 31st. This represents a $3.40 annualized dividend and a yield of 4.83%. Granite Real Estate Investment Trust’s payout ratio is 90.91%.

Granite Real Estate Investment Trust Company Profile

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Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, and management of primarily industrial properties in North America and Europe. Granite’s portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities.