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

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.2833 per share on Friday, March 14th. This represents a $3.40 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Friday, February 28th.

Granite Real Estate Investment Trust Stock Up 0.7 %

GRT.UN traded up C$0.47 during trading on Wednesday, reaching C$68.34. The company had a trading volume of 111,531 shares, compared to its average volume of 128,877. The business’s fifty day moving average price is C$69.34 and its 200 day moving average price is C$73.75. 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 12 month low of C$64.50 and a 12 month high of C$82.88. The company has a market cap of C$4.29 billion, a P/E ratio of 18.83 and a beta of 1.18.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GRT.UN shares. TD Securities upped their target price on shares of Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a research note on Friday, November 8th. BMO Capital Markets lifted their price target 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.