Granite Real Estate Investment Trust (GRT.UN) To Go Ex-Dividend on February 28th

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.2833 per share on Friday, March 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Friday, February 28th.

Granite Real Estate Investment Trust Price Performance

Shares of GRT.UN stock traded up C$0.47 during trading hours on Wednesday, reaching C$68.34. 111,531 shares of the company were exchanged, compared to its average volume of 128,877. Granite Real Estate Investment Trust has a fifty-two week low of C$64.50 and a fifty-two week high of C$82.88. The company has a debt-to-equity ratio of 57.74, a current ratio of 0.35 and a quick ratio of 1.61. The stock’s fifty day moving average is C$69.34 and its two-hundred day moving average is C$73.75. The company has a market cap of C$4.29 billion, a price-to-earnings ratio of 18.83 and a beta of 1.18.

Analyst Upgrades and Downgrades

GRT.UN has been the subject of a number of research reports. TD Securities lifted their price objective on Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a research report on Friday, November 8th. BMO Capital Markets lifted their target price on shares of Granite Real Estate Investment Trust from C$86.00 to C$88.00 in a report on Monday, November 11th.

About Granite Real Estate Investment Trust

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 143 investment properties representing approximately 62.9 million square feet of leasable area.