Granite Real Estate Investment Trust (TSE:GRT.UN – Get Free Report) (NASDAQ:GRP.U) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$72.50 and traded as high as C$81.31. Granite Real Estate Investment Trust shares last traded at C$81.14, with a volume of 84,129 shares trading hands.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. Raymond James increased their target price on Granite Real Estate Investment Trust from C$90.00 to C$92.00 in a research note on Friday, September 6th. TD Securities boosted their target price on shares of Granite Real Estate Investment Trust from C$87.00 to C$91.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$88.10.
Check Out Our Latest Stock Analysis on GRT.UN
Granite Real Estate Investment Trust Stock Down 0.4 %
Granite Real Estate Investment Trust Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $3.30 annualized dividend and a dividend yield of 4.10%. Granite Real Estate Investment Trust’s payout ratio is 90.91%.
Granite Real Estate Investment Trust Company Profile
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 143 investment properties representing approximately 62.9 million square feet of leasable area.
Recommended Stories
- Five stocks we like better than Granite Real Estate Investment Trust
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Insider Selling Explained: Can it Inform Your Investing Choices?
- MarketBeat Week in Review – 9/23 – 9/27
- Roth IRA Calculator: Calculate Your Potential Returns
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
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.