Granite Real Estate Investment Trust (TSE:GRT.UN) Price Target Lowered to C$85.00 at National Bankshares

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its target price decreased by research analysts at National Bankshares from C$87.00 to C$85.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 22.55% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. TD Securities dropped their target price on Granite Real Estate Investment Trust from C$90.00 to C$88.00 in a report on Wednesday. Desjardins lifted their price objective on shares of Granite Real Estate Investment Trust from C$84.00 to C$87.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Raymond James upped their target price on shares of Granite Real Estate Investment Trust from C$90.00 to C$91.00 and gave the company a “strong-buy” rating in a research note on Monday, January 8th. BMO Capital Markets increased their price objective on shares of Granite Real Estate Investment Trust from C$81.00 to C$84.00 in a research note on Monday, March 4th. Finally, Laurentian boosted their target price on shares of Granite Real Estate Investment Trust from C$80.00 to C$90.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Seven equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$87.33.

Granite Real Estate Investment Trust Stock Down 0.5 %

TSE GRT.UN traded down C$0.32 during trading hours on Wednesday, hitting C$69.36. The company had a trading volume of 59,573 shares, compared to its average volume of 76,676. The firm’s 50 day moving average is C$74.37 and its 200 day moving average is C$72.96. The company has a market capitalization of C$4.39 billion, a price-to-earnings ratio of 32.14 and a beta of 1.14. Granite Real Estate Investment Trust has a fifty-two week low of C$62.72 and a fifty-two week high of C$86.07. The company has a debt-to-equity ratio of 58.81, a current ratio of 0.40 and a quick ratio of 1.61.

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.