Granite Real Estate Investment Trust (GRT.UN) To Go Ex-Dividend on March 31st

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) announced a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.2833 per share on Tuesday, April 15th. This represents a $3.40 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Monday, March 31st.

Granite Real Estate Investment Trust Stock Down 1.4 %

Shares of GRT.UN stock traded down C$0.98 on Friday, reaching C$66.99. 132,681 shares of the company were exchanged, compared to its average volume of 125,808. The company has a 50-day moving average of C$68.36 and a 200-day moving average of C$72.84. The company has a market cap of C$4.20 billion, a price-to-earnings ratio of 18.45 and a beta of 1.18. The company has a debt-to-equity ratio of 57.74, a current ratio of 0.35 and a quick ratio of 1.61. Granite Real Estate Investment Trust has a one year low of C$64.50 and a one year high of C$82.88.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GRT.UN. Scotiabank cut their target price on Granite Real Estate Investment Trust from C$87.00 to C$85.00 in a research report on Friday, February 28th. Raymond James cut their price objective on shares of Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a report on Friday, February 28th.

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.