Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its target price trimmed by TD Securities from C$72.00 to C$71.00 in a report released on Friday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Separately, Desjardins upped their price objective on Granite Real Estate Investment Trust from C$64.00 to C$65.00 in a 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 stock. The stock presently has an average rating of Buy and a consensus target price of C$68.30.
GRT.UN opened at C$61.93 on Friday. Granite Real Estate Investment Trust has a one year low of C$52.37 and a one year high of C$64.66. The firm has a market capitalization of $2.84 billion and a PE ratio of 6.01. The firm has a 50 day simple moving average of C$61.45. The company has a quick ratio of 7.47, a current ratio of 8.06 and a debt-to-equity ratio of 50.15.
Granite Real Estate Investment Trust Company Profile
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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