TSE:GRT.UN
76.55
0.00
(0.00%)
Granite Real Estate Investment Trust is a global real estate operating company composed principally of former holdings of Magna International.
More at Wikipedia
Granite REIT
GRT.UN-T
Analysis and Opinions about GRT.UN-T
Signal
Opinion
Expert
HOLD
HOLD
November 26, 2020
Properties in NA and Europe. Trend to e-commerce. Performed very well. Collection is over 99%. Stock's going sideways due to recently raising equity and the value trade. Strong outlook over next 12 months. Great balance sheet. Just increased distribution. Yield is 3.9%.
Show full opinionHide full opinion
Properties in NA and Europe. Trend to e-commerce. Performed very well. Collection is over 99%. Stock's going sideways due to recently raising equity and the value trade. Strong outlook over next 12 months. Great balance sheet. Just increased distribution. Yield is 3.9%.
TOP PICK
TOP PICK
November 25, 2020
Global industrial e-commerce play. CEO is excellent. Exposure to Magna is no longer a tailwind. Nice dividend, good growth going forward. One of Canada's best REITs. Yield is 3.87%. (Analysts’ price target is $84.15)
Show full opinionHide full opinionGlobal industrial e-commerce play. CEO is excellent. Exposure to Magna is no longer a tailwind. Nice dividend, good growth going forward. One of Canada's best REITs. Yield is 3.87%. (Analysts’ price target is $84.15)
PAST TOP PICK
PAST TOP PICK
November 13, 2020
(A Top Pick Nov 01/19, Up 22%) REITs have had a pretty tough year but there has been some that have done well. A spin out of Magna. Portfolio of industrial, logistics and warehouse market. The shift from retail to online has been beneficial for them. Trades currently at 20x EBITA. Middle of the pack for price momentum. Valuation is alright. Still likes it.
(A Top Pick Nov 01/19, Up 22%) REITs have had a pretty tough year but there has been some that have done well. A spin out of Magna. Portfolio of industrial, logistics and warehouse market. The shift from retail to online has been beneficial for them. Trades currently at 20x EBITA. Middle of the pack for price momentum. Valuation is alright. Still likes it.
PAST TOP PICK
PAST TOP PICK
November 10, 2020
(A Top Pick Nov 04/19, Up 22%) They hold industrial warehouses, which has enjoyed a boost during the pandemic. GRT is well-positioned, diversified in the US, Canada and Europe. Managers bet on their assets worth more after the pandemic, so they raised equity to buy assets--a smart move. GRT has a strong balance sheet that could lead to acquisitions.
Show full opinionHide full opinion(A Top Pick Nov 04/19, Up 22%) They hold industrial warehouses, which has enjoyed a boost during the pandemic. GRT is well-positioned, diversified in the US, Canada and Europe. Managers bet on their assets worth more after the pandemic, so they raised equity to buy assets--a smart move. GRT has a strong balance sheet that could lead to acquisitions.
WEAK BUY
WEAK BUY
October 29, 2020
A more economically sensitive industrial. REITs are an underperforming asset class since March. Has been consolidating, and trading above a rising moving average. If you don't own any REITs, this is one to consider if you sense a market recovery. You could get dividend growth going forward.
Show full opinionHide full opinionA more economically sensitive industrial. REITs are an underperforming asset class since March. Has been consolidating, and trading above a rising moving average. If you don't own any REITs, this is one to consider if you sense a market recovery. You could get dividend growth going forward.
PAST TOP PICK
PAST TOP PICK
September 29, 2020
(A Top Pick Jun 25/20, Up 15%) They own industrial warehouses, the kind that Amazon and e-commerce uses and booming in this pandemic. It's doing well during the pandemic. Has a great balance sheet with low leverage and in a sector with stable, growing cash flows. They can make accretive acquisitions. Has a valuation gap vs. its peers. Still likes it.
(A Top Pick Jun 25/20, Up 15%) They own industrial warehouses, the kind that Amazon and e-commerce uses and booming in this pandemic. It's doing well during the pandemic. Has a great balance sheet with low leverage and in a sector with stable, growing cash flows. They can make accretive acquisitions. Has a valuation gap vs. its peers. Still likes it.
BUY
BUY
September 8, 2020
Allan Tong’s Discover Picks In Q2, Granite collected 99% of its rents. Their balance sheet is in good shape and pays a robust 3.83% dividend yield, based on a payout ratio of 46%. Granite has climbed far from the trough of $40.77 at the mid-March bottom to hover below $76 currently and near its price target of $78.82. However, Granite’s PE has risen from 17.21x from 12 months ago to 22.37x. Read Top REITs in Canada : MI.UN Stock and GRT.UN Stock for our full analysis.
Show full opinionHide full opinionAllan Tong’s Discover Picks In Q2, Granite collected 99% of its rents. Their balance sheet is in good shape and pays a robust 3.83% dividend yield, based on a payout ratio of 46%. Granite has climbed far from the trough of $40.77 at the mid-March bottom to hover below $76 currently and near its price target of $78.82. However, Granite’s PE has risen from 17.21x from 12 months ago to 22.37x. Read Top REITs in Canada : MI.UN Stock and GRT.UN Stock for our full analysis.
PAST TOP PICK
PAST TOP PICK
August 10, 2020
(A Top Pick Aug 22/19, Up 29%) She's added to her position, likes it. It's a global industrial landlord in North America and Europe. It benefits from quality industrial space. They collected 99% of rents in Q2. They acquired 5 million sq.ft. They report Q2 tomorrow. Happy to own it.
Show full opinionHide full opinion(A Top Pick Aug 22/19, Up 29%) She's added to her position, likes it. It's a global industrial landlord in North America and Europe. It benefits from quality industrial space. They collected 99% of rents in Q2. They acquired 5 million sq.ft. They report Q2 tomorrow. Happy to own it.
TOP PICK
TOP PICK
June 25, 2020
He likes the warehouse sector globally. Retailers had just-in-time inventory and may now have to increase inventories. Now is the time to buy assets and GRT.UN-T just issued equity and attractive bonds. The balance sheet is in great shape. (Analysts’ price target is $75.68)
Show full opinionHide full opinionHe likes the warehouse sector globally. Retailers had just-in-time inventory and may now have to increase inventories. Now is the time to buy assets and GRT.UN-T just issued equity and attractive bonds. The balance sheet is in great shape. (Analysts’ price target is $75.68)
COMMENT
COMMENT
June 5, 2020
Industrial REITs The market down turn only increases the value of warehouse REITs. Supply chains are going to see dramatic changes post pandemic. Having a 7% yield in a company that can still grow is good. He holds WIR.
Industrial REITs The market down turn only increases the value of warehouse REITs. Supply chains are going to see dramatic changes post pandemic. Having a 7% yield in a company that can still grow is good. He holds WIR.
PAST TOP PICK
PAST TOP PICK
May 21, 2020
(A Top Pick Jun 17/19, Up 15%) It was 100% MG.A-T assets and now that has come down to a little less than 40%. The rest is distribution and warehousing. They have done exceptionally well. They had a very conservative balance sheet going into this.
Show full opinionHide full opinion(A Top Pick Jun 17/19, Up 15%) It was 100% MG.A-T assets and now that has come down to a little less than 40%. The rest is distribution and warehousing. They have done exceptionally well. They had a very conservative balance sheet going into this.
COMMENT
COMMENT
April 22, 2020
Dividend safe? He owned BTB.UN a few years ago as they held light industrial and commercial real estate around Montreal. The issue going back 3-4 years ago was they had issues meeting financial metrics, which he feels was due to them over distributing earnings. He would prefer to hold WPT and GRT.UN.
Dividend safe? He owned BTB.UN a few years ago as they held light industrial and commercial real estate around Montreal. The issue going back 3-4 years ago was they had issues meeting financial metrics, which he feels was due to them over distributing earnings. He would prefer to hold WPT and GRT.UN.
PAST TOP PICK
PAST TOP PICK
March 5, 2020
(A Top Pick Nov 04/19, Up 10%) He likes this company a lot and thinks highly of management. They did a great job of diversifying away from their biggest client.
Show full opinionHide full opinion(A Top Pick Nov 04/19, Up 10%) He likes this company a lot and thinks highly of management. They did a great job of diversifying away from their biggest client.
TOP PICK
TOP PICK
January 28, 2020
They buy conventional e-commerce centres in Europe and the States. They carry only 25% debt-to-cap, which is low vs. peers. They find value in Europe and get great returns.
Show full opinionHide full opinionThey buy conventional e-commerce centres in Europe and the States. They carry only 25% debt-to-cap, which is low vs. peers. They find value in Europe and get great returns.
COMMENT
COMMENT
December 10, 2019
Granite vs. BAM Granite has done well and he regrets not buying it. They've done a great job transforming the Magna assets. It's come a long way. He's neutral on it now. BAM is totally different, a huge conglomerate, a premier stock on the TSX. You can't compare the two.
Show full opinionHide full opinionGranite vs. BAM Granite has done well and he regrets not buying it. They've done a great job transforming the Magna assets. It's come a long way. He's neutral on it now. BAM is totally different, a huge conglomerate, a premier stock on the TSX. You can't compare the two.
Granite REIT(GRT.UN-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 10
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 11
Granite REIT(GRT.UN-T) Frequently Asked Questions
What is Granite REIT stock symbol?
Granite REIT is a Canadian stock, trading under the symbol GRT.UN-T on the Toronto Stock Exchange (GRT-UN-CT). It is usually referred to as TSX:GRT.UN or GRT.UN-T
Is Granite REIT a buy or a sell?
In the last year, 11 stock analysts published opinions about GRT.UN-T. 10 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is HOLD. Read the latest stock experts' ratings for Granite REIT.
Is Granite REIT a good investment or a top pick?
Granite REIT was recommended as a Top Pick by Michelle Wearing on 2020-11-26. Read the latest stock experts ratings for Granite REIT.
Why is Granite REIT stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Granite REIT worth watching?
11 stock analysts on Stockchase covered Granite REIT In the last year. It is a trending stock that is worth watching.
What is Granite REIT stock price?
On 2020-11-27, Granite REIT (GRT.UN-T) stock closed at a price of $76.55.
