Scotiabank Lowers Granite Real Estate Investment Trust (TSE:GRT.UN) Price Target to C$75.00

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its target price decreased by investment analysts at Scotiabank from C$85.00 to C$75.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 24.42% from the stock’s previous close.

Separately, Raymond James decreased their price target on shares of Granite Real Estate Investment Trust from C$93.00 to C$88.00 in a research note on Friday, February 28th.

Granite Real Estate Investment Trust Trading Up 4.9 %

GRT.UN opened at C$60.28 on Tuesday. The company has a fifty day moving average price of C$66.87 and a two-hundred day moving average price of C$71.78. Granite Real Estate Investment Trust has a 1-year low of C$55.25 and a 1-year high of C$82.88. The company has a market cap of C$3.78 billion, a P/E ratio of 16.61 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.

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.