Granite Real Estate Investment Trust (TSE:GRT.UN) Sets New 12-Month High on Analyst Upgrade

Shares of Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) hit a new 52-week high on Friday after BMO Capital Markets raised their price target on the stock from C$87.00 to C$97.00. The stock traded as high as C$92.76 and last traded at C$92.76, with a volume of 83136 shares trading hands. The stock had previously closed at C$89.57.

GRT.UN has been the subject of several other research reports. Royal Bank Of Canada increased their price objective on Granite Real Estate Investment Trust from C$90.00 to C$100.00 in a research report on Friday. Canadian Imperial Bank of Commerce increased their price target on shares of Granite Real Estate Investment Trust from C$90.00 to C$98.00 in a report on Friday. TD Securities boosted their price objective on shares of Granite Real Estate Investment Trust from C$94.00 to C$96.00 and gave the stock a “buy” rating in a report on Friday. Finally, Raymond James Financial cut shares of Granite Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from C$93.00 to C$96.00 in a report on Wednesday, January 14th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Granite Real Estate Investment Trust has a consensus rating of “Buy” and a consensus target price of C$93.38.

Key Headlines 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

Granite Real Estate Investment Trust Stock Up 2.7%

The company has a market cap of C$5.57 billion, a price-to-earnings ratio of 19.45 and a beta of 1.29. The stock has a 50-day simple moving average of C$86.35 and a 200-day simple moving average of C$80.82. The company has a current ratio of 0.35, a quick ratio of 1.61 and a debt-to-equity ratio of 57.74.

Granite Real Estate Investment Trust Company Profile

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.