Granite Real Estate Investment Trust’s (GRT.UN) “Outperform” Rating Reaffirmed at National Bank Financial

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U)‘s stock had its “outperform” rating reaffirmed by equities research analysts at National Bank Financial in a research note issued on Thursday, Stock Target Advisor reports. They presently have a C$90.00 price objective on the stock. National Bank Financial’s price target points to a potential upside of 9.22% from the company’s current price.

Several other brokerages have also recently weighed in on GRT.UN. CIBC boosted their price objective on Granite Real Estate Investment Trust from C$85.00 to C$87.00 and gave the stock an “outperform” rating in a report on Friday, May 7th. BMO Capital Markets boosted their price objective on Granite Real Estate Investment Trust from C$85.00 to C$89.00 and gave the stock an “outperform” rating in a report on Monday, May 10th. Royal Bank of Canada reissued an “outperform” rating and set a C$84.00 price objective on shares of Granite Real Estate Investment Trust in a report on Thursday, May 6th. Raymond James boosted their price objective on Granite Real Estate Investment Trust from C$90.00 to C$91.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Scotiabank boosted their target price on Granite Real Estate Investment Trust from C$87.00 to C$90.00 in a research report on Thursday. Seven analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of C$88.89.

Shares of Granite Real Estate Investment Trust stock traded up C$1.22 during trading on Thursday, reaching C$82.40. The company’s stock had a trading volume of 220,179 shares, compared to its average volume of 165,606. The firm has a market capitalization of C$5.08 billion and a PE ratio of 8.79. Granite Real Estate Investment Trust has a one year low of C$64.38 and a one year high of C$82.52. The company has a debt-to-equity ratio of 49.29, a current ratio of 4.55 and a quick ratio of 4.41. The stock has a 50-day moving average of C$79.44.

About Granite Real Estate Investment Trust

Granite is a Canadian based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area.

Further Reading: What is the QQQ ETF?

Stock Target Advisor logo

Analyst Recommendations for Granite Real Estate Investment Trust (TSE:GRT.UN)

Receive News & Ratings for Granite Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.