Granite Real Estate (NASDAQ:GRP.U) (TSE:GRT.UN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Granite Real Estate Investment Trust is engaged in the ownership and management of predominantly industrial properties in Canada, the United States, Mexico and Europe. The Company owns and manages rental income properties. Its services include sourcing and real estate acquisition, site development, assisting with government approvals and re-zoning to specific uses, build-to-suit construction, property renovation, project management and long-term leasing. Granite Real Estate Investment Trust, formerly known as Granite Real Estate Inc., is based in Toronto, Canada. “

Separately, Royal Bank of Canada lowered shares of Granite Real Estate from an “outperform” rating to a “sector perform” rating and set a $46.00 price target for the company. in a research report on Tuesday, December 20th.

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The firm also recently declared a dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were given a dividend of $0.166 per share. This is a positive change from Granite Real Estate’s previous dividend of $0.16. The ex-dividend date was Friday, February 24th.

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