Granite Real Estate Investment Trust (GRT.UN) Price Target Raised to C$66.00 at Royal Bank of Canada

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Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price objective upped by Royal Bank of Canada from C$62.00 to C$66.00 in a report released on Monday. The firm currently has an outperform rating on the stock.

GRT.UN has been the topic of several other research reports. TD Securities upgraded Granite Real Estate Investment Trust from a hold rating to a buy rating and upped their price objective for the company from C$58.00 to C$65.00 in a research note on Friday, December 21st. Desjardins upped their price objective on Granite Real Estate Investment Trust from C$56.00 to C$58.00 and gave the company a hold rating in a research note on Monday, November 12th.

Granite Real Estate Investment Trust stock opened at C$62.36 on Monday. Granite Real Estate Investment Trust has a 12 month low of C$45.03 and a 12 month high of C$52.69. The company has a current ratio of 2.72, a quick ratio of 2.47 and a debt-to-equity ratio of 30.00. The company has a market capitalization of $2.86 billion and a P/E ratio of 4.65.

About Granite Real Estate Investment Trust

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of predominantly industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 33 million square feet of leasable area.

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