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

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Friday, February 14th will be paid 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 4.89%. The ex-dividend date of this dividend is Friday, January 31st.

Granite Real Estate Investment Trust Stock Performance

Shares of GRT.UN stock traded up C$0.24 during trading hours on Wednesday, reaching C$69.54. The company had a trading volume of 5,111 shares, compared to its average volume of 98,883. The firm has a market cap of C$4.36 billion, a PE ratio of 19.16 and a beta of 1.18. The business has a fifty day moving average price of C$71.52 and a 200-day moving average price of C$74.11. Granite Real Estate Investment Trust has a one year low of C$64.50 and a one year high of C$82.88. The company has a debt-to-equity ratio of 57.74, a quick ratio of 1.61 and a current ratio of 0.35.

Analyst Upgrades and Downgrades

GRT.UN has been the topic of several research analyst reports. TD Securities increased their price target on Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a report on Friday, November 8th. National Bankshares increased their target price on Granite Real Estate Investment Trust from C$85.00 to C$93.50 in a report on Wednesday, October 9th. Finally, BMO Capital Markets boosted their price target on 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.