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 nine research firms that are presently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$88.10.
A number of equities research analysts have recently issued reports on the stock. Raymond James boosted their target price on shares of Granite Real Estate Investment Trust from C$90.00 to C$92.00 in a research report 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.
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Granite Real Estate Investment Trust Price Performance
Granite Real Estate Investment Trust Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were paid a $0.275 dividend. This represents a $3.30 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, August 30th. Granite Real Estate Investment Trust’s dividend payout ratio is currently 90.66%.
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.
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