TSE:GRT.UN
86.89
0.12
(0.14%)
Granite Real Estate Investment Trust is a global real estate operating company composed principally of former holdings of Magna International.
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Analysis and Opinions about GRT.UN-T
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Opinion
Expert
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BUY
BUY
July 20, 2021
Allan Tong’s Discover Picks Further, Granite pays a 3.53% dividend yield based on an ultra-safe 30% payout ratio. While its EPS growth is declining, at $9.82 it still towers over the sector’s $1.68 and has jumped nearly 30% over the previous year. Granite trades at a PE of 8.7x vs. the sector’s 34.1x while its cash flow stands at $9.76 vs. its peers of $2.53. Gross and profit margins also beat peers. Read 3 Safe and Defensive Stocks to Buy for our full analysis.
Show full opinionHide full opinion
Allan Tong’s Discover Picks Further, Granite pays a 3.53% dividend yield based on an ultra-safe 30% payout ratio. While its EPS growth is declining, at $9.82 it still towers over the sector’s $1.68 and has jumped nearly 30% over the previous year. Granite trades at a PE of 8.7x vs. the sector’s 34.1x while its cash flow stands at $9.76 vs. its peers of $2.53. Gross and profit margins also beat peers. Read 3 Safe and Defensive Stocks to Buy for our full analysis.
TOP PICK
TOP PICK
June 4, 2021
A yield idea. Industrial properties and warehouses in NA. One of their biggest clients is Magna. Very stable income. Raised money this week for new prospects. Yielding over 3%. Trading just over the book value, but not too much. Reducing exposure to Magna by growing other clients. There is a shortage of industrial properties so what they own is more valuable. Buy and hold for a long time. (Analysts’ price target is $88.19)
A yield idea. Industrial properties and warehouses in NA. One of their biggest clients is Magna. Very stable income. Raised money this week for new prospects. Yielding over 3%. Trading just over the book value, but not too much. Reducing exposure to Magna by growing other clients. There is a shortage of industrial properties so what they own is more valuable. Buy and hold for a long time. (Analysts’ price target is $88.19)
PAST TOP PICK
PAST TOP PICK
May 31, 2021
(A Top Pick Jun 25/20, Up 24%) The industrial thesis was well understood pre-pandemic. During the pandemic Near Shoring and Re-shoring. We could not rely on goods to come from China or the US. Just-in-time inventories will become just-in-case inventories. They are able to acquire assets attractively and acretively. They are well positioned.
Show full opinionHide full opinion(A Top Pick Jun 25/20, Up 24%) The industrial thesis was well understood pre-pandemic. During the pandemic Near Shoring and Re-shoring. We could not rely on goods to come from China or the US. Just-in-time inventories will become just-in-case inventories. They are able to acquire assets attractively and acretively. They are well positioned.
BUY
BUY
January 28, 2021
Thinks very highly of management, likes portfolio exposure. Warehouses in Canada, US, and Europe. Its Magna leases have a lot of upside. Has grown effectively. Warehouse facilities are in demand from e-commerce. Attractive at these levels. Yield is about 4%.
Thinks very highly of management, likes portfolio exposure. Warehouses in Canada, US, and Europe. Its Magna leases have a lot of upside. Has grown effectively. Warehouse facilities are in demand from e-commerce. Attractive at these levels. Yield is about 4%.
WEAK BUY
WEAK BUY
January 12, 2021
A very good REIT. They spun out their Magna industrial assets and recent quarters have been strong. Growing well. It's defensive, not totally industrial though. He likes it. He is neutral/likes this.
A very good REIT. They spun out their Magna industrial assets and recent quarters have been strong. Growing well. It's defensive, not totally industrial though. He likes it. He is neutral/likes this.
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 opinionProperties 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.
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 BUY. 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 Stockchase Discover on 2021-07-20. 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 2021-07-23, Granite REIT (GRT.UN-T) stock closed at a price of $86.89.
