Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price objective increased by Royal Bank of Canada from C$66.00 to C$67.00 in a research note published on Friday morning, BayStreet.CA reports.
GRT.UN has been the subject of a number of other reports. TD Securities dropped their price objective on shares of Granite Real Estate Investment Trust from C$72.00 to C$71.00 and set a buy rating for the company in a research note on Friday. Desjardins raised their target price on shares of Granite Real Estate Investment Trust from C$64.00 to C$65.00 in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of C$68.30.
Shares of GRT.UN opened at C$61.93 on Friday. The company has a debt-to-equity ratio of 50.15, a quick ratio of 7.47 and a current ratio of 8.06. The stock’s 50 day simple moving average is C$61.45. Granite Real Estate Investment Trust has a 1-year low of C$52.37 and a 1-year high of C$64.66. The stock has a market cap of $2.84 billion and a PE ratio of 6.01.
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.
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