Granite Real Estate Investment Trust (GRT.UN) to Issue Monthly Dividend of $0.28 on March 14th

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 4.97%. The ex-dividend date is Friday, February 28th.

Granite Real Estate Investment Trust Price Performance

TSE:GRT.UN traded up C$0.47 during midday trading on Wednesday, hitting C$68.34. 111,531 shares of the stock were exchanged, compared to its average volume of 128,877. The company has a market capitalization of C$4.29 billion, a price-to-earnings ratio of 18.83 and a beta of 1.18. The company has a current ratio of 0.35, a quick ratio of 1.61 and a debt-to-equity ratio of 57.74. Granite Real Estate Investment Trust has a one year low of C$64.50 and a one year high of C$82.88. The business has a 50-day moving average price of C$69.34 and a two-hundred day moving average price of C$73.75.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. TD Securities lifted their price objective on shares of Granite Real Estate Investment Trust from C$91.00 to C$93.00 in a research note on Friday, November 8th. BMO Capital Markets raised 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.