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Granite Real Estate Investment Trust (TSE:GRT.UN) PT Raised to C$95.00 at TD Securities

Granite Real Estate Investment Trust (TSE:GRT.UN – Get Rating) (NASDAQ:GRP.U) ‘s price objective was upped by stock analysts at TD Securities from C$94.00 to C$95.00 in a research note issued on Friday, BayStreet.CA reports. The broker currently has an “action list buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 20.48% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on GRT.UN. Raymond James decreased their price objective on shares of Granite Real Estate Investment Trust from C$112.00 to C$98.00 and set an “outperform” rating for the company in a research report on Monday, August 15th. CIBC decreased their price objective on shares of Granite Real Estate Investment Trust from C$98.00 to C$90.00 and set an “outperform” rating for the company in a research report on Friday. National Bankshares dropped their price target on shares of Granite Real Estate Investment Trust from C$90.00 to C$84.00 in a research report on Monday, October 24th. Scotiabank decreased their price target on shares of Granite Real Estate Investment Trust from C$97.00 to C$90.00 in a research report on Friday, October 21st. Finally, Royal Bank of Canada boosted their price objective on shares of Granite Real Estate Investment Trust from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Monday, August 15th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat , Granite Real Estate Investment Trust currently has an average rating of “Buy” and a consensus target price of C$96.00.

Granite Real Estate Investment Trust rose 2.8%

TSE GRT.UN traded up C$2.13 during trading hours on Friday, reaching C$78.85. The company had a trading volume of 81,056 shares, compared to its average volume of 172,007. Granite Real Estate Investment Trust has a fifty-two week low of C$63.29 and a fifty-two weeks high of C$105.79. The company has a market cap of C$5.16 billion and a price-to-earnings ratio of 4.68. The company has a debt-to-equity ratio of 48.12, a current ratio of 2.36, and a quick ratio of 1.07. The firm’s 50 day moving average is C$69.94 and its 200 day moving average is C$78.19.

Granite Real Estate Investment Trust Company Profile

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Granite is a Canadian REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns more than 85 investment properties representing approximately 34 million square feet of leasable area.

Further reading

Analyst Recommendations for Granite Real Estate Investment Trust (TSE:GRT.UN)

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