Granite Real Estate Investment Trust (TSE:GRT.UN) Price Target Raised to C$96.00 at TD Securities

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price objective hoisted by TD Securities from C$94.00 to C$96.00 in a research report released on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets upped their price objective on Granite Real Estate Investment Trust from C$84.00 to C$87.00 in a research note on Monday, November 10th. Royal Bank Of Canada upped their price target on Granite Real Estate Investment Trust from C$88.00 to C$90.00 in a research report on Tuesday, November 11th. Finally, Raymond James Financial downgraded Granite Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and increased their price target for the stock from C$93.00 to C$96.00 in a research note on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Granite Real Estate Investment Trust currently has a consensus rating of “Buy” and a consensus price target of C$93.38.

Granite Real Estate Investment Trust Stock Performance

GRT.UN traded up C$2.40 during midday trading on Friday, reaching C$91.97. The company had a trading volume of 277,155 shares, compared to its average volume of 132,765. Granite Real Estate Investment Trust has a 12-month low of C$55.25 and a 12-month high of C$92.89. The business has a 50-day moving average price of C$86.35 and a two-hundred day moving average price of C$80.80. The stock has a market cap of C$5.57 billion, a PE ratio of 19.45 and a beta of 1.29. The company has a debt-to-equity ratio of 57.74, a quick ratio of 1.61 and a current ratio of 0.35.

Key Stories Impacting Granite Real Estate Investment Trust

Here are the key news stories impacting Granite Real Estate Investment Trust this week:

• Positive Sentiment: BMO raised its price target from C$87.00 to C$97.00, signaling increased upside versus the prior target and contributing to bullish broker tone. BayStreet.ca analyst ratings
• Positive Sentiment: CIBC lifted its target to C$98.00 (from C$90.00), reinforcing the positive reassessment of Granite’s outlook. BayStreet.ca analyst ratings
• Positive Sentiment: RBC increased its target to C$100.00 (from C$90.00), the largest raise reported, which supports further upside expectations. BayStreet.ca analyst ratings
• Positive Sentiment: TD Securities trimmed its target range to C$96.00 (from C$94.00) and reiterated a “buy” rating, adding conviction to the upgrade-driven move. BayStreet.ca analyst ratings
• Neutral Sentiment: Granite appears in a broader bullish screen of Canadian stocks for 2026, which can attract momentum investors but is not company-specific news. MSN: 2 Canadian Stocks Primed to Surge in 2026
• Neutral Sentiment: Coverage of investor reaction to Granite renewing its C$250M ATM equity program is mixed—the program provides capital flexibility (positive) but raises potential dilution concerns (negative), so market impact depends on whether management taps the facility. Yahoo Finance: Investors Reacting to Granite REIT ATM Program

About Granite Real Estate Investment Trust

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.