Granite Real Estate Investment Trust (GRT.UN) to Issue Monthly Dividend of $0.28 on April 15th

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) declared a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.2833 per share on Tuesday, April 15th. This represents a $3.40 annualized dividend and a yield of 5.07%. The ex-dividend date is Monday, March 31st.

Granite Real Estate Investment Trust Stock Down 1.4 %

Granite Real Estate Investment Trust stock traded down C$0.98 during midday trading on Friday, reaching C$66.99. The company’s stock had a trading volume of 132,681 shares, compared to its average volume of 125,808. The company has a debt-to-equity ratio of 57.74, a current ratio of 0.35 and a quick ratio of 1.61. The stock has a market capitalization of C$4.20 billion, a P/E ratio of 18.45 and a beta of 1.18. The stock’s 50-day simple moving average is C$68.36 and its 200-day simple moving average is C$72.84. Granite Real Estate Investment Trust has a 52-week low of C$64.50 and a 52-week high of C$82.88.

Wall Street Analysts Forecast Growth

GRT.UN has been the topic of a number of recent research reports. Scotiabank dropped their target price on Granite Real Estate Investment Trust from C$87.00 to C$85.00 in a research report on Friday, February 28th. Raymond James reduced their target price on shares of Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a report on Friday, February 28th.

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.