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TSE:GRT.UN - Granite Real Estate Investment Trust Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$88.89
  • Forecasted Upside: 4.56 %
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 7 Buy Ratings
  • 0 Strong Buy Ratings
C$85.01 As of 06/18/2021 01:00 AM ET
▲ +1.52 (1.82%)
1 month | 3 months | 12 months
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Analyst Price Target for GRT.UN

Average Price Target: C$88.89
▲ +4.56% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Granite Real Estate Investment Trust in the last 3 months. The average price target is C$88.89, with a high forecast of C$92.00 and a low forecast of C$84.00. The average price target represents a 4.56% upside from the last price of C$85.01.

Buy

The current consensus among 7 contributing investment analysts is to buy stock in Granite Real Estate Investment Trust. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2019
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/20/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/20/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/19/2021
  • 0 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/18/2021

Latest Recommendations

  • 0 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
6/10/2021National Bank FinancialReiterated RatingOutperformC$90.00
6/10/2021National BanksharesSet Price TargetOutperformC$90.00
6/10/2021ScotiabankBoost Price TargetC$87.00 ➝ C$90.00
6/10/2021Raymond JamesBoost Price TargetOutperformC$90.00 ➝ C$91.00
6/10/2021TD SecuritiesBoost Price TargetBuyC$89.00 ➝ C$92.00
5/10/2021BMO Capital MarketsBoost Price TargetOutperformC$85.00 ➝ C$89.00
5/7/2021CIBCBoost Price TargetOutperformC$85.00 ➝ C$87.00
5/7/2021TD SecuritiesBoost Price TargetBuyC$88.00 ➝ C$89.00
5/6/2021Raymond JamesReiterated RatingOutperformC$87.00
5/6/2021Royal Bank of CanadaReiterated RatingOutperformC$84.00
3/8/2021Royal Bank of CanadaBoost Price TargetOutperformC$82.00 ➝ C$84.00
3/5/2021BMO Capital MarketsBoost Price TargetC$83.00 ➝ C$85.00
3/5/2021Canaccord GenuityBoost Price TargetC$84.00 ➝ C$87.00
3/5/2021CIBCBoost Price TargetC$83.00 ➝ C$85.00
12/4/2020TD SecuritiesBoost Price TargetBuyC$86.00 ➝ C$87.00
11/30/2020National Bank FinancialReiterated RatingOutperformC$88.50
11/25/2020CIBCBoost Price TargetC$82.00 ➝ C$83.00
11/24/2020National Bank FinancialSet Price TargetOutperformC$88.50
11/12/2020National Bank FinancialBoost Price TargetOutperformC$87.00 ➝ C$88.50
11/9/2020ScotiabankBoost Price TargetC$82.00 ➝ C$87.00
11/6/2020TD SecuritiesBoost Price TargetBuyC$84.00 ➝ C$86.00
11/6/2020BMO Capital MarketsBoost Price TargetC$80.75 ➝ C$83.00
11/6/2020National Bank FinancialBoost Price TargetOutperformC$87.00 ➝ C$88.50
8/17/2020BMO Capital MarketsBoost Price TargetC$72.00 ➝ C$80.75
6/9/2020Canaccord GenuityBoost Price TargetC$71.50 ➝ C$73.75
6/3/2020TD SecuritiesBoost Price TargetBuyC$74.00 ➝ C$76.00
6/3/2020CIBCBoost Price TargetC$68.00 ➝ C$75.00
6/2/2020ScotiabankBoost Price TargetC$71.00 ➝ C$75.00
5/20/2020BMO Capital MarketsBoost Price TargetC$65.25 ➝ C$72.00
5/17/2020Royal Bank of CanadaBoost Price TargetOutperformC$73.00 ➝ C$76.00
5/17/2020ScotiabankLower Price TargetC$76.00 ➝ C$71.00
5/17/2020TD SecuritiesBoost Price TargetBuyC$70.00 ➝ C$74.00
5/17/2020Canaccord GenuityBoost Price TargetC$67.25 ➝ C$71.50
5/17/2020CIBCBoost Price TargetC$64.00 ➝ C$68.00
4/14/2020Royal Bank of CanadaLower Price TargetOutperformC$75.00 ➝ C$73.00
4/13/2020Canaccord GenuityLower Price TargetC$75.00 ➝ C$67.25
3/10/2020ScotiabankBoost Price TargetC$73.00 ➝ C$76.00
3/6/2020Royal Bank of CanadaBoost Price TargetOutperformC$70.00 ➝ C$75.00
3/6/2020CIBCBoost Price TargetC$72.00 ➝ C$74.00
3/6/2020TD SecuritiesBoost Price TargetBuyC$74.00 ➝ C$80.00
1/20/2020ScotiabankBoost Price TargetC$71.00 ➝ C$73.00
12/23/2019TD SecuritiesBoost Price TargetBuyC$73.00 ➝ C$74.00
11/7/2019CIBCBoost Price TargetC$70.00 ➝ C$72.00
11/7/2019Royal Bank of CanadaBoost Price TargetOutperformC$67.00 ➝ C$70.00
11/7/2019TD SecuritiesBoost Price TargetBuyC$72.00 ➝ C$73.00
9/24/2019CIBCBoost Price TargetC$69.00 ➝ C$70.00
9/4/2019Canaccord GenuityUpgradeHold ➝ BuyC$65.00 ➝ C$70.00
8/4/2019CIBCReiterated RatingBuyC$69.00
8/2/2019Royal Bank of CanadaBoost Price TargetC$66.00 ➝ C$67.00
8/2/2019TD SecuritiesLower Price TargetBuyC$72.00 ➝ C$71.00
5/15/2019TD SecuritiesBoost Price TargetBuyC$71.00 ➝ C$72.00
5/10/2019DesjardinsBoost Price TargetC$64.00 ➝ C$65.00
3/21/2019CIBCReiterated RatingOutperformC$69.00
3/18/2019BMO Capital MarketsBoost Price TargetMarket PerformC$60.00 ➝ C$69.50
3/11/2019Royal Bank of CanadaBoost Price TargetOutperformC$62.00 ➝ C$66.00
3/8/2019TD SecuritiesBoost Price TargetC$65.00 ➝ C$70.00
1/3/2019Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$62.00
12/21/2018TD SecuritiesUpgradeHold ➝ BuyC$58.00 ➝ C$65.00
11/12/2018TD SecuritiesBoost Price TargetHoldC$56.00 ➝ C$58.00
11/12/2018DesjardinsBoost Price TargetNeutral ➝ HoldC$56.00 ➝ C$58.00
11/8/2018Royal Bank of CanadaBoost Price TargetSector PerformC$60.00 ➝ C$62.00
8/3/2018Royal Bank of CanadaBoost Price TargetSector PerformC$57.00 ➝ C$60.00
8/2/2018TD SecuritiesBoost Price TargetHoldC$53.00 ➝ C$56.00
8/2/2018BMO Capital MarketsBoost Price TargetC$53.25 ➝ C$56.50
6/5/2018Canaccord GenuityBoost Price TargetC$52.50 ➝ C$55.00
5/28/2018BMO Capital MarketsBoost Price TargetC$52.00 ➝ C$53.25
5/15/2018TD SecuritiesBoost Price TargetHoldC$50.00 ➝ C$53.00
5/15/2018Royal Bank of CanadaBoost Price TargetSector PerformC$55.00 ➝ C$57.00
3/29/2018BMO Capital MarketsReiterated RatingMarket PerformC$52.00
3/5/2018DesjardinsBoost Price TargetC$51.50 ➝ C$53.00
3/5/2018Royal Bank of CanadaBoost Price TargetSector PerformC$54.00 ➝ C$55.00
1/19/2018Royal Bank of CanadaBoost Price TargetSector PerformC$52.00 ➝ C$54.00
11/20/2017BMO Capital MarketsReiterated RatingMarket PerformC$52.00
11/13/2017ScotiabankBoost Price TargetSector PerformC$51.00 ➝ C$52.00
11/9/2017TD SecuritiesBoost Price TargetHoldC$48.00 ➝ C$49.00
11/9/2017Royal Bank of CanadaBoost Price TargetSector PerformC$51.00 ➝ C$52.00
9/18/2017DesjardinsBoost Price TargetHoldC$51.00 ➝ C$51.50
8/15/2017BMO Capital MarketsReiterated RatingMarket PerformC$52.00
8/4/2017TD SecuritiesLower Price TargetHoldC$49.00 ➝ C$48.00
5/17/2017ScotiabankBoost Price TargetSector PerformC$49.50 ➝ C$51.00
5/11/2017TD SecuritiesBoost Price TargetHoldC$45.00 ➝ C$49.00
5/11/2017Royal Bank of CanadaBoost Price TargetSector PerformC$46.00 ➝ C$51.00
5/3/2017ScotiabankReiterated RatingSector PerformC$48.00
3/3/2017TD SecuritiesReiterated RatingHoldC$45.00
3/2/2017ScotiabankReiterated RatingSector PerformC$47.00
3/2/2017Royal Bank of CanadaReiterated RatingSector Perform
2/8/2017BMO Capital MarketsReiterated RatingMarket PerformC$47.50
12/22/2016ScotiabankBoost Price TargetSector PerformC$47.00 ➝ C$47.50
12/20/2016Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$46.00
12/8/2016TD SecuritiesBoost Price TargetHoldC$44.00 ➝ C$45.00
12/7/2016Royal Bank of CanadaReiterated RatingOutperformC$46.00
11/7/2016TD SecuritiesReiterated RatingHoldC$44.00
11/4/2016Royal Bank of CanadaReiterated RatingOutperformC$44.00 ➝ C$46.00
11/3/2016ScotiabankReiterated RatingSector PerformC$43.50
10/5/2016ScotiabankBoost Price TargetSector PerformC$42.00 ➝ C$43.50
10/4/2016DesjardinsReiterated RatingHoldC$46.50
10/4/2016Royal Bank of CanadaReiterated RatingOutperformC$44.00
8/10/2016ScotiabankReiterated RatingSector PerformC$42.00
8/8/2016DesjardinsReiterated RatingHoldC$42.00
8/5/2016TD SecuritiesBoost Price TargetHoldC$39.00 ➝ C$42.00
8/4/2016ScotiabankReiterated RatingSector PerformC$42.00
7/27/2016Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$44.00
7/26/2016ScotiabankReiterated RatingSector PerformC$42.00
(Data available from 6/18/2016 forward)
Granite Real Estate Investment Trust logo
Granite is a Canadian based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area.
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Today's Range

Now: C$85.01
Low: C$83.27
High: C$85.35

50 Day Range

MA: C$80.14
Low: C$77.57
High: C$83.49

52 Week Range

Now: C$85.01
Low: C$66.61
High: C$85.35

Volume

942,578 shs

Average Volume

172,320 shs

Market Capitalization

C$5.58 billion

P/E Ratio

9.06

Dividend Yield

3.59%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Granite Real Estate Investment Trust?

The following equities research analysts have issued reports on Granite Real Estate Investment Trust in the last year: BMO Capital Markets, Canaccord Genuity, CIBC, National Bank Financial, National Bankshares, Inc., Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for GRT.UN.

What is the current price target for Granite Real Estate Investment Trust?

9 Wall Street analysts have set twelve-month price targets for Granite Real Estate Investment Trust in the last year. Their average twelve-month price target is C$88.89, suggesting a possible upside of 4.6%. TD Securities has the highest price target set, predicting GRT.UN will reach C$92.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of C$84.00 for Granite Real Estate Investment Trust in the next year.
View the latest price targets for GRT.UN.

What is the current consensus analyst rating for Granite Real Estate Investment Trust?

Granite Real Estate Investment Trust currently has 7 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe GRT.UN will outperform the market and that investors should add to their positions of Granite Real Estate Investment Trust.
View the latest ratings for GRT.UN.

What other companies compete with Granite Real Estate Investment Trust?

Other companies that are similar to Granite Real Estate Investment Trust include SEGRO, Tritax Big Box REIT, Summit Industrial Income REIT, Dream Industrial Real Estate Invest Trst, Big Yellow Group, Safestore, WPT Industrial Real Estate Investment, UK Commercial Property REIT, Warehouse REIT, Hansteen, Big Yellow Group, BWP Trust, Centuria Industrial REIT, FIBRA Prologis and National Storage REIT.

How do I contact Granite Real Estate Investment Trust's investor relations team?

The company's listed phone number is 647-925-7500. The official website for Granite Real Estate Investment Trust is www.graniterealestate.com.