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

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors 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 yield of 4.93%. The ex-dividend date is Friday, January 31st.

Granite Real Estate Investment Trust Stock Down 0.4 %

GRT.UN stock opened at C$69.00 on Wednesday. Granite Real Estate Investment Trust has a 1-year low of C$64.50 and a 1-year high of C$82.88. The stock has a market cap of C$4.33 billion, a P/E ratio of 19.01 and a beta of 1.18. The stock’s fifty day simple moving average is C$71.52 and its two-hundred day simple moving average is C$74.11. The company has a current ratio of 0.35, a quick ratio of 1.61 and a debt-to-equity ratio of 57.74.

Wall Street Analyst Weigh In

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

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.