Granite Real Estate Investment Trust (TSE:GRT.UN) PT Raised to C$93.50

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price objective upped by stock analysts at National Bankshares from C$85.00 to C$93.50 in a report issued on Wednesday, BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 21.43% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on GRT.UN. Raymond James upped their price target on Granite Real Estate Investment Trust from C$90.00 to C$92.00 in a report on Friday, September 6th. TD Securities upped their price target on Granite Real Estate Investment Trust from C$87.00 to C$91.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$88.95.

Granite Real Estate Investment Trust Stock Down 2.8 %

TSE GRT.UN opened at C$77.00 on Wednesday. The stock has a market cap of C$4.83 billion, a PE ratio of 21.21 and a beta of 1.18. Granite Real Estate Investment Trust has a fifty-two week low of C$62.72 and a fifty-two week high of C$82.88. The business has a 50 day moving average price of C$76.73 and a two-hundred day moving average price of C$72.83. The company has a quick ratio of 1.61, a current ratio of 0.35 and a debt-to-equity ratio of 57.74.

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.