Granite Real Estate Investment Trust (TSE:GRT.UN) Declares $0.28 Monthly Dividend

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.2833 per share on Friday, February 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Friday, January 31st.

Granite Real Estate Investment Trust Stock Down 0.4 %

Shares of Granite Real Estate Investment Trust stock opened at C$69.00 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 0.35 and a debt-to-equity ratio of 57.74. Granite Real Estate Investment Trust has a twelve month low of C$64.50 and a twelve month high of C$82.88. The company has a market cap of C$4.33 billion, a price-to-earnings ratio of 19.01 and a beta of 1.18. The company’s 50 day moving average is C$71.52 and its 200 day moving average is C$74.11.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of Granite Real Estate Investment Trust from C$86.00 to C$88.00 in a report on Monday, November 11th. National Bankshares upped their price objective on Granite Real Estate Investment Trust from C$85.00 to C$93.50 in a research note on Wednesday, October 9th. Finally, TD Securities lifted their target price on Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a research report on Friday, November 8th.

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 143 investment properties representing approximately 62.9 million square feet of leasable area.