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Granite Real Estate (TSE:GRT.UN)
TSX:GRT.UN
Granite Real Estate (GRT.UN) Stock Price & Analysis
279 Followers
GRT.UN Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$60.82 - C$78.01
Previous CloseC$74.32
Volume83.13K
Average Volume (3M)97.19K
Market Cap
C$4.68B
Enterprise ValueC$7.67B
Total Cash (Recent Filing)C$139.94M
Total Debt (Recent Filing)C$3.12B
Price to Earnings (P/E)21.9
Beta1.17
Next Earnings
Aug 07, 2024EPS EstimateN/A
Next Dividend Ex-Date
Jul 31, 2024Dividend Yield4.38%
Share Statistics
EPS (TTM)3.40
Shares Outstanding63,064,997
10 Day Avg. Volume96,032
30 Day Avg. Volume97,189
Standard Deviation0.07
R-Squared0.58
Alpha-0.00015
Financial Highlights & Ratios
Price to Book (P/B)0.77
Price to Sales (P/S)8.19
Price to Cash Flow (P/CF)12.40
P/FCF Ratio10.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$86.83Price Target Upside16.83% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Bulls Say, Bears Say
Bulls Say
Deal FlowGRT is seeing increased deal flow in its target markets.
Financial PerformanceGranite REIT reported a solid quarter with same-property NOI up 5% and FFO per unit up 4%.
Occupancy GainsLeasing is expected to drive occupancy gains throughout the year.
Bears Say
Financial PerformanceIndustrial REIT unit prices, Granite included, have been soft due to both the less robust fundamentals, as well as the impact of higher long-term bond yields on income-oriented investments.
Guidance ReductionWhile reporting quarterly results management lowered its AFFO per unit guidance by $0.05 to a range of $4.60 to $4.75 per unit due to a greater expected capital expenditures, leasing commissions, and tenants allowance.
Market CompetitionCompetition for high quality acquisitions is deep.
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Options Prices
Currently, No data available
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Ownership Overview
2.04% Insiders
5.99% Mutual Funds
11.25% Other Institutional Investors
80.72% Public Companies and
Individual Investors
GRT.UN FAQ
What was Granite Real Estate’s price range in the past 12 months?
Granite Real Estate lowest stock price was C$60.82 and its highest was C$78.01 in the past 12 months.
What is Granite Real Estate’s market cap?
Currently, no data Available
When is Granite Real Estate’s upcoming earnings report date?
Granite Real Estate’s upcoming earnings report date is Aug 07, 2024 which is in 17 days.
How were Granite Real Estate’s earnings last quarter?
Granite Real Estate released its earnings results on May 08, 2024. The company reported C$1.405 earnings per share for the quarter, beating the consensus estimate of N/A by C$1.405.
Is Granite Real Estate overvalued?
According to Wall Street analysts Granite Real Estate’s price is currently Undervalued.
Does Granite Real Estate pay dividends?
Granite Real Estate pays a Monthly dividend of C$0.28 which represents an annual dividend yield of 4.38%. See more information on Granite Real Estate dividends here
What is Granite Real Estate’s EPS estimate?
Granite Real Estate’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Granite Real Estate have?
Granite Real Estate has 63,008,797 shares outstanding.
What happened to Granite Real Estate’s price movement after its last earnings report?
Granite Real Estate reported an EPS of C$1.405 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.227%.
Which hedge fund is a major shareholder of Granite Real Estate?
Currently, no hedge funds are holding shares in TSE:GRT.UN
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Granite Real Estate Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
C$86.83 (16.83% Upside)
C$86.83 (16.83% Upside)
Insider Transactions
Bought Shares
Worth C$195.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.1%
Last 30 Days ▼ 7.1%
Last 30 Days ▼ 7.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
0.05%
12-Months-Change
Fundamentals
Return on Equity
3.98%
Trailing 12-Months
Asset Growth
-0.36%
Trailing 12-Months
Company Description
Granite Real Estate
Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, and management of primarily industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's largest tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.
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GRT.UN Stock 12 Month Forecast
Average Price Target
C$86.83
▲(16.83% Upside)
Technical Analysis
H&R Real Estate ate Staple
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Slate Office REIT
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BTB REIT
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SmartCentres Real Estate Investment Trust
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Best Analysts Covering GRT.UN
1 Year
1 Year Success Rate
16/20 ratings generated profit
1 Year Average Return
+13.54%
reiterated a buy rating 2 months ago
Copying Mark Rothschild's trades and holding each position for 1 Year would result in 80.00% of your transactions generating a profit, with an average return of +13.54% per trade.
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