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

Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U announced a monthly dividend on Friday, October 31st, TickerTech Dividends reports. Investors of record on Friday, November 14th will be paid a dividend of 0.2833 per share on Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, October 31st.

Granite Real Estate Investment Trust Stock Up 0.5%

Shares of GRT.UN opened at C$77.51 on Friday. The company has a market cap of C$4.70 billion, a PE ratio of 14.39 and a beta of 1.60. The business has a fifty day moving average of C$78.06 and a 200 day moving average of C$72.52. Granite Real Estate Investment Trust has a 52-week low of C$55.25 and a 52-week high of C$82.45. The company has a quick ratio of 1.61, a current ratio of 0.35 and a debt-to-equity ratio of 57.74.

Wall Street Analysts Forecast Growth

GRT.UN has been the subject of a number of analyst reports. Desjardins raised their price target on Granite Real Estate Investment Trust from C$87.00 to C$89.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. Raymond James Financial raised their price target on Granite Real Estate Investment Trust from C$85.00 to C$87.50 in a research note on Friday, August 8th. National Bankshares raised their price target on Granite Real Estate Investment Trust from C$85.00 to C$86.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on Granite Real Estate Investment Trust from C$86.00 to C$88.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Finally, TD Securities lifted their target price on Granite Real Estate Investment Trust from C$77.00 to C$85.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$86.69.

Read Our Latest Stock Analysis on Granite Real Estate Investment Trust

About Granite Real Estate Investment Trust

Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, and management of primarily industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities.

Featured Stories

• Five stocks we like better than Granite Real Estate Investment Trust
• What Does a Gap Up Mean in Stocks? How to Play the Gap
• NU Stock: U.S. Bank License May Be the Next Growth Catalyst
• How to trade penny stocks: A step-by-step guide
• 5 Stocks to Stuff Your Portfolio This November
• How to Calculate Inflation Rate
• Why Microsoft's Post-Earnings Dip Is a Buy-the-Pause Moment

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Granite Real Estate Investment Trust Right Now?

Before you consider Granite Real Estate Investment Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Granite Real Estate Investment Trust wasn't on the list.

While Granite Real Estate Investment Trust currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here