Granite Real Estate Investment Trust (GRT.UN) Price Target Increased to C$70.00 by Analysts at TD Securities

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Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price objective lifted by TD Securities from C$65.00 to C$70.00 in a research report sent to investors on Friday morning.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada upgraded Granite Real Estate Investment Trust from a sector perform rating to an outperform rating and set a C$62.00 price target on the stock in a research note on Thursday, January 3rd. Desjardins raised their price target on Granite Real Estate Investment Trust from C$56.00 to C$58.00 and gave the stock a hold rating in a research note on Monday, November 12th.

Shares of TSE GRT.UN opened at C$63.22 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.47 and a debt-to-equity ratio of 30.00. Granite Real Estate Investment Trust has a fifty-two week low of C$45.03 and a fifty-two week high of C$52.69. The stock has a market cap of $2.90 billion and a PE ratio of 4.72.

About Granite Real Estate Investment Trust

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of predominantly industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 33 million square feet of leasable area.

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