G
ranite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) has received an average "Buy" recommendation from six analysts covering the company, according to Marketbeat Ratings. Five analysts have given a buy rating and one has issued a strong buy rating. The average 1-year price objective among brokerages is C$89.72.
Recent analyst upgrades include Raymond James raising its price target on GRT.UN shares from C$90.00 to C$92.00, TD Securities increasing its target from C$91.00 to C$93.00, and National Bankshares boosting its target from C$85.00 to C$93.50.
Shares of Granite Real Estate Investment Trust traded up C$0.14 on Friday, reaching C$73.93. The company has a market capitalization of C$4.64 billion and a price-to-earnings ratio of 20.37. Its dividend payout ratio is 90.91%, with a monthly dividend paid out on September 16th.
Granite Real Estate Investment Trust owns 143 investment properties, representing approximately 62.9 million square feet of leasable area. The company's current ratio is 0.35, quick ratio is 1.61, and debt-to-equity ratio is 57.74.
