Granite Real Estate Investment Trust (GRT.UN) To Go Ex-Dividend on October 30th

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Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) announced a monthly dividend on Wednesday, October 30th, TickerTech reports. Investors of record on Friday, November 15th will be given a dividend of 0.233 per share on Friday, November 15th. This represents a $2.80 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Wednesday, October 30th.

Granite Real Estate Investment Trust stock traded up C$0.09 during mid-day trading on Tuesday, reaching C$64.41. 210,732 shares of the company’s stock traded hands, compared to its average volume of 78,930. The company has a market cap of $3.18 billion and a price-to-earnings ratio of 7.57. The stock has a 50 day moving average of C$64.61 and a two-hundred day moving average of C$62.54. The company has a quick ratio of 6.58, a current ratio of 7.26 and a debt-to-equity ratio of 46.62. Granite Real Estate Investment Trust has a 12-month low of C$52.69 and a 12-month high of C$67.35.

A number of equities research analysts recently issued reports on the stock. CIBC upped their price target on shares of Granite Real Estate Investment Trust from C$69.00 to C$70.00 in a research note on Tuesday, September 24th. TD Securities reduced their target price on shares of Granite Real Estate Investment Trust from C$72.00 to C$71.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada increased their target price on shares of Granite Real Estate Investment Trust from C$66.00 to C$67.00 in a research note on Friday, August 2nd. Finally, Canaccord Genuity raised shares of Granite Real Estate Investment Trust from a “hold” rating to a “buy” rating and increased their target price for the company from C$65.00 to C$70.00 in a research note on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$68.75.

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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Dividend History for Granite Real Estate Investment Trust (TSE:GRT.UN)

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