GRP-UN Company Profile and Key Details

Average 10-day trading volume of 4.89 thousand shares is significantly above the 3-month average of 2.06 thousand, indicating heightened recent market interest.

Granite Real Estate Investment Trust last paid a dividend of 2.44 per share, this equals a trailing yield of roughly 7.2%. Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $78.52. This means the shares are trading below this model’s fair value.

Granite Real Estate Investment Trust (NYSE:GRP-UN) closed at $59.19 USD, losing -$0.45 (-0.75%) from the previous close of $59.64. The stock is currently within 5% of its 52-week high $38.37 and $60.16. With a market capitalization of about $3.59 billion, Granite Real Estate Investment Trust is classified as a mid-cap and shows higher-than-market volatility (beta ~1.46). Key stats such as the average daily volume over the past year has been around 6.51 thousand shares, volume is running light vs its 52-week average. Headquartered in Toronto, ON, Granite Real Estate Investment Trust operates in the Real Estate sector and the REIT - Industrial industry. Led by CEO Kevan S. Gorrie, the company employs approximately 70 people and listed since January 04, 2013. 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 Real Estate Investment Trust trades at a P/E ratio of 17.04, slightly below the S&P 500 average, with a price-to-sales ratio of 8.13 and a price-to-book ratio of 0.9 suggesting the stock is closer to book value. The P/FCF stands at 13.12, also above market averages.

Our AI price prediction model suggests that Granite Real Estate Investment Trust stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term.

Valuation shows Granite Real Estate Investment Trust trading at a premium to the broader market with a P/E of 17.04.