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

  • Consensus Rating: Buy
  • Consensus Price Target: C$88.33
  • Forecasted Upside: 27.58%
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 7 Buy Ratings
  • 2 Strong Buy Ratings
C$69.24 As of 04/18/2024 01:00 AM ET
▲ +0.07 (0.10%)

This chart shows the closing price for GRT.UN by one month, three months, or twelve months.

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Analyst Price Target for GRT.UN

Analyst Price Target is C$88.33
▲ +27.58% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Granite Real Estate Investment Trust in the last 3 months. The average price target is C$88.33, with a high forecast of C$95.00 and a low forecast of C$84.00. The average price target represents a 27.58% upside from the last price of C$69.24.

This chart shows the closing price for GRT.UN for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 9 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

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 2 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/26/2022
  • 2 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/24/2023
  • 2 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/24/2023
  • 2 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/23/2023
  • 2 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/21/2023
  • 2 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/19/2024
  • 2 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/19/2024
  • 2 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/18/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
3/4/2024BMO Capital MarketsBoost TargetC$81.00 ➝ C$84.00
3/1/2024DesjardinsBoost TargetBuyC$84.00 ➝ C$87.00
3/1/2024Royal Bank of CanadaBoost TargetOutperformC$86.00 ➝ C$89.00
1/29/2024National BanksharesBoost TargetOutperformC$83.00 ➝ C$87.00
1/22/2024LaurentianBoost TargetBuyC$80.00 ➝ C$90.00
1/8/2024Raymond JamesBoost TargetStrong-BuyC$90.00 ➝ C$91.00
11/13/2023BMO Capital MarketsLower TargetOutperformC$84.00 ➝ C$81.00
11/13/2023DesjardinsLower TargetBuyC$85.00 ➝ C$84.00
11/13/2023Royal Bank of CanadaLower TargetOutperformC$97.00 ➝ C$86.00
11/10/2023CIBCLower TargetOutperformC$93.00 ➝ C$84.00
10/23/2023Raymond JamesLower TargetStrong-BuyC$94.00 ➝ C$90.00
10/20/2023BMO Capital MarketsLower TargetOutperform ➝ OutperformC$91.00 ➝ C$84.00
10/19/2023ScotiabankLower TargetOutperformC$91.00 ➝ C$88.00
8/15/2023BMO Capital MarketsLower TargetC$98.00 ➝ C$91.00
8/14/2023Royal Bank of CanadaLower TargetOutperformC$103.00 ➝ C$97.00
8/14/2023Raymond JamesLower TargetStrong-BuyC$96.00 ➝ C$94.00
8/11/2023TD SecuritiesLower TargetAction List BuyC$97.00 ➝ C$95.00
8/11/2023CIBCLower TargetC$98.00 ➝ C$93.00
7/18/2023National BanksharesLower TargetC$98.00 ➝ C$90.00
7/17/2023Raymond JamesUpgradeOutperform ➝ Strong-Buy
7/5/2023TD SecuritiesLower TargetC$100.00 ➝ C$97.00
5/16/2023Raymond JamesBoost TargetOutperformC$95.00 ➝ C$96.00
4/18/2023National BanksharesBoost TargetC$93.00 ➝ C$98.00
3/13/2023Raymond JamesBoost TargetOutperformC$93.00 ➝ C$95.00
3/10/2023Royal Bank of CanadaBoost TargetOutperformC$100.00 ➝ C$103.00
3/10/2023National BanksharesBoost TargetOutperformC$91.00 ➝ C$93.00
3/10/2023TD SecuritiesBoost TargetAction List BuyC$95.00 ➝ C$100.00
3/10/2023CIBCBoost TargetOutperformC$90.00 ➝ C$95.00
3/10/2023Canaccord Genuity GroupBoost TargetC$90.00 ➝ C$97.00
2/13/2023BMO Capital MarketsSet TargetOutperformC$98.00
2/2/2023ScotiabankBoost TargetC$92.00 ➝ C$94.00
1/30/2023National BanksharesBoost TargetOutperformC$84.00 ➝ C$91.00
11/14/2022ScotiabankBoost TargetC$90.00 ➝ C$92.00
11/14/2022Raymond JamesLower TargetOutperformC$98.00 ➝ C$93.00
11/11/2022TD SecuritiesBoost TargetAction List BuyC$94.00 ➝ C$95.00
11/11/2022CIBCLower TargetOutperformC$98.00 ➝ C$90.00
10/24/2022National BanksharesLower TargetC$90.00 ➝ C$84.00
10/21/2022ScotiabankLower TargetC$97.00 ➝ C$90.00
10/20/2022TD SecuritiesLower TargetAction List BuyC$100.00 ➝ C$94.00
8/15/2022National BanksharesBoost TargetOutperformC$85.00 ➝ C$90.00
8/15/2022Raymond JamesLower TargetOutperformC$112.00 ➝ C$98.00
8/15/2022Royal Bank of CanadaBoost TargetOutperformC$99.00 ➝ C$100.00
8/12/2022CIBCLower TargetOutperformC$102.00 ➝ C$98.00
7/21/2022ScotiabankLower TargetC$110.00 ➝ C$97.00
7/20/2022National BanksharesLower TargetOutperformC$115.00 ➝ C$85.00
6/27/2022CIBCLower TargetC$106.00 ➝ C$102.00
5/13/2022CIBCLower TargetOutperformC$110.00 ➝ C$106.00
4/28/2022ScotiabankBoost TargetC$109.00 ➝ C$110.00
3/14/2022BMO Capital MarketsBoost TargetC$112.00 ➝ C$115.00
3/11/2022CIBCBoost TargetOutperformC$109.00 ➝ C$110.00
3/11/2022TD SecuritiesUpgradeBuy ➝ Action List BuyC$115.00
3/10/2022Raymond JamesSet TargetOutperformC$110.00
11/5/2021TD SecuritiesBoost TargetBuyC$105.00 ➝ C$115.00
11/5/2021BMO Capital MarketsBoost TargetC$95.00 ➝ C$106.00
11/5/2021CIBCBoost TargetOutperformC$105.00 ➝ C$109.00
11/4/2021Raymond JamesSet TargetOutperformC$98.00
10/29/2021ScotiabankBoost TargetC$100.00 ➝ C$104.00
10/29/2021National Bank FinancialReiterated RatingOutperform
10/20/2021National BanksharesBoost TargetC$105.00 ➝ C$110.00
10/15/2021CIBCReiterated RatingOutperform
10/14/2021CIBCBoost TargetNAC$92.00 ➝ C$105.00
10/1/2021TD SecuritiesBoost TargetNAC$101.00 ➝ C$105.00
9/20/2021National BanksharesBoost TargetOutperformC$94.00 ➝ C$105.00
9/20/2021National Bank FinancialBoost TargetOutperformC$105.00
9/8/2021ScotiabankBoost TargetC$92.00 ➝ C$100.00
8/25/2021CIBCReiterated RatingOutperformC$92.00
8/9/2021BMO Capital MarketsBoost TargetC$89.00 ➝ C$95.00
8/9/2021Royal Bank of CanadaBoost TargetOutperformC$87.00 ➝ C$96.00
8/6/2021TD SecuritiesBoost TargetBuyC$94.00 ➝ C$97.00
8/6/2021CIBCBoost TargetC$87.00 ➝ C$92.00
8/5/2021Raymond JamesReiterated RatingOutperformC$95.00
7/19/2021National BanksharesBoost TargetC$90.00 ➝ C$94.00
7/19/2021National Bank FinancialBoost TargetNAC$94.00
6/29/2021Raymond JamesBoost TargetC$91.00 ➝ C$95.00
6/28/2021TD SecuritiesBoost TargetBuyC$92.00 ➝ C$94.00
6/22/2021ScotiabankBoost TargetC$90.00 ➝ C$91.00
6/10/2021National Bank FinancialReiterated RatingOutperformC$90.00
6/10/2021National BanksharesSet TargetOutperformC$90.00
6/10/2021ScotiabankBoost TargetC$87.00 ➝ C$90.00
6/10/2021Raymond JamesBoost TargetOutperformC$90.00 ➝ C$91.00
6/10/2021TD SecuritiesBoost TargetBuyC$89.00 ➝ C$92.00
5/10/2021BMO Capital MarketsBoost TargetOutperformC$85.00 ➝ C$89.00
5/7/2021CIBCBoost TargetOutperformC$85.00 ➝ C$87.00
5/7/2021TD SecuritiesBoost 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 TargetOutperformC$82.00 ➝ C$84.00
3/5/2021BMO Capital MarketsBoost TargetC$83.00 ➝ C$85.00
3/5/2021CIBCBoost TargetC$83.00 ➝ C$85.00
12/4/2020TD SecuritiesBoost TargetBuyC$86.00 ➝ C$87.00
11/30/2020National Bank FinancialReiterated RatingOutperformC$88.50
11/25/2020CIBCBoost TargetC$82.00 ➝ C$83.00
11/24/2020National Bank FinancialSet TargetOutperformC$88.50
11/12/2020National Bank FinancialBoost TargetOutperformC$87.00 ➝ C$88.50
11/9/2020ScotiabankBoost TargetC$82.00 ➝ C$87.00
11/6/2020TD SecuritiesBoost TargetBuyC$84.00 ➝ C$86.00
11/6/2020BMO Capital MarketsBoost TargetC$80.75 ➝ C$83.00
11/6/2020National Bank FinancialBoost TargetOutperformC$87.00 ➝ C$88.50
8/17/2020BMO Capital MarketsBoost TargetC$72.00 ➝ C$80.75
6/3/2020TD SecuritiesBoost TargetBuyC$74.00 ➝ C$76.00
6/3/2020CIBCBoost TargetC$68.00 ➝ C$75.00
6/2/2020ScotiabankBoost TargetC$71.00 ➝ C$75.00
5/20/2020BMO Capital MarketsBoost TargetC$65.25 ➝ C$72.00
5/17/2020Royal Bank of CanadaBoost TargetOutperformC$73.00 ➝ C$76.00
5/17/2020ScotiabankLower TargetC$76.00 ➝ C$71.00
5/17/2020TD SecuritiesBoost TargetBuyC$70.00 ➝ C$74.00
5/17/2020CIBCBoost TargetC$64.00 ➝ C$68.00
4/14/2020Royal Bank of CanadaLower TargetOutperformC$75.00 ➝ C$73.00
3/10/2020ScotiabankBoost TargetC$73.00 ➝ C$76.00
3/6/2020Royal Bank of CanadaBoost TargetOutperformC$70.00 ➝ C$75.00
3/6/2020CIBCBoost TargetC$72.00 ➝ C$74.00
3/6/2020TD SecuritiesBoost TargetBuyC$74.00 ➝ C$80.00
1/20/2020ScotiabankBoost TargetC$71.00 ➝ C$73.00
12/23/2019TD SecuritiesBoost TargetBuyC$73.00 ➝ C$74.00
11/7/2019CIBCBoost TargetC$70.00 ➝ C$72.00
11/7/2019Royal Bank of CanadaBoost TargetOutperformC$67.00 ➝ C$70.00
11/7/2019TD SecuritiesBoost TargetBuyC$72.00 ➝ C$73.00
9/24/2019CIBCBoost TargetC$69.00 ➝ C$70.00
8/4/2019CIBCReiterated RatingBuyC$69.00
8/2/2019Royal Bank of CanadaBoost TargetC$66.00 ➝ C$67.00
8/2/2019TD SecuritiesLower TargetBuyC$72.00 ➝ C$71.00
5/15/2019TD SecuritiesBoost TargetBuyC$71.00 ➝ C$72.00
5/10/2019DesjardinsBoost TargetC$64.00 ➝ C$65.00
(Data available from 4/19/2019 forward)

News Sentiment Rating

0.85 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2023
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2023
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/20/2023
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/19/2024
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/18/2024
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/19/2024
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/18/2024

Current Sentiment

  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

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.
Read More

Today's Range

Now: C$69.24
Low: C$68.77
High: C$70.23

50 Day Range

MA: C$74.72
Low: C$69.17
High: C$77.60

52 Week Range

Now: C$69.24
Low: C$62.72
High: C$86.39

Volume

139,834 shs

Average Volume

73,886 shs

Market Capitalization

C$4.39 billion

P/E Ratio

32.06

Dividend Yield

4.32%

Beta

1.14

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, CIBC, Desjardins, Laurentian, 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$88.33, suggesting a possible upside of 27.6%. TD Securities has the highest price target set, predicting GRT.UN will reach C$95.00 in the next twelve months. BMO Capital Markets 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 and 2 strong 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 Summit Industrial Income REIT, Dream Industrial Real Estate Invest Trst, WPT Industrial Real Estate Investment, Choice Properties Real Est Invstmnt Trst and Tricon Residential. Learn More about companies similar to Granite Real Estate Investment Trust.

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. Learn More about contacing Granite Real Estate Investment Trust investor relations.