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Granite Real Estate Investment Trust (GRP-UN)

NYSE - Nasdaq Real Time Price. Currency in USD
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67.76+0.01 (+0.01%)
At close: 03:58PM EDT
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  • s
    Is it just me or is this a buy day if I’ve ever seen one
  • T
    Take My Money
    VP just bought $350k of shares at over $95. This could not be a more obvious buy right now. All this company does is create/add value to their shares regardless of the price action
  • H
    I took advantage of the dip today and started my position at $94.50. Very grateful
  • K
    so... what just happened?
    I was thinking of starting a position at 95, forgot about the stock then it enters my radar with a -4% day... everything looks great about this company and a board member buying more stock is a good thing. so why the drop?

    also yes I am buying 10 shares market open (they are pending)
  • M
    Buying this in a TFSA through wealth simple is something a lot of people need to do. Fractional shares, full shares, monthly dividends to allow you to compound it monthly. Annual dividend raises for the past 10 years at least. Golden.
  • S
    Cannacord reduced PT substantially from $115 to $105 this week. The worry is rising CAP rates.
    • Dream Industrial REIT (DIR.UN-T, “buy”) to $19 from $21. Average: $19.64.
• Granite REIT (GRT.UN-T, “buy”) to $105 from $115. Average: $110.27.
• InterRent REIT (IIP.UN-T, “buy”) to $19 from $19.50. Average: $19.63.
• Killam Apartment REIT (KMP.UN-T, “buy”) to $25.50 from $26.50. Average: $25.94.
  • w
    Some companies you always want more of, this is one.
  • M
    So I believe GRT has found it’s 6 month floor. The issue going forward is rising interest rates. From looking at their dividend history, it doesn’t appear that they have missed a payment or lowered it over the past decade. I believe if you hold on and DCA, you will be rewarded. Hold tight. Dividends are coming.
  • H
    Super unjustified drop recently.
  • H
    Looks like the results were very affected by the currency rates. Long term hold for me. I'm in at $94 CAD for 73 shares.
  • H
    Wow, what an interesting day..
  • S
    I am not an expert but from reading the forth quarter results they sound fairly good. Any thoughts on why the stock is going down today after the results release?
  • t
    Reason for today’s dip is due to below financing IOT make the 368M worth of acquisitions. Setting up for continued success! Best REIT IMO and an excellent time to buy more. The charts don’t lie!

    The REIT and Granite REIT Inc. also announced they have entered into an agreement to sell to a syndicate of underwriters led by BMO Capital Markets and TD Securities Inc. (the “Underwriters”) on a bought deal basis 3,460,000 stapled units (“Units”) at a price of C$79.50 per Unit (the “Offering Price”) for gross proceeds of approximately C$275 million (the “Offering”). The REIT intends to use the net proceeds from the Offering to fund the REIT’s acquisition pipeline, commitments under the REIT’s existing development projects and for general trust purposes.
  • M
    More people need to see how powerful this stock can make your portfolio if you compound your position monthly. If you’re with TD- sign up with DRIP and add only $100/month for the next 20 years.
    Or if you want to make it your cash cow retirement pick- hold this in your TFSA and make a monthly contribution of $500/month for 25 years. You’ll hit $6k a year, and reach 150,000 in 25 years. Have a spouse do it with you and boom, that’s 300,000 in 25 years.

    Compound this stock.
    Thank yourself in 25 years.
  • A
    In the Globe and Mail today!
    * Mr. Markidis’s target for Granite Real Estate Investment Trust (GRT-UN-T +0.11%increase
    ) target to $94 from $90, topping the $93.50 average, with a “buy” rating, while BMO’s Joanne Chen raised her target to $95 from $89 with an “outperform” recommendation.

    “Our positive view on the fundamental strength of GRT.UN’s portfolio remains unchanged following Q2/21 results. We expect the positive tailwinds to continue over the near term and for the REIT to further surface value via its development pipeline over the longer term,” said Ms. Chen.
  • G
    I get that it's a great industrial portfolio but their revenue hasn't really grown much. Because of the pandemic everyone is just pouring money into industrial reits.
  • c
    Does GRT have Ukrainian exposure, don’t understand drop
  • M
    What a great company to own. The 78% institutional ownership says it all. I am sure a dividend increase will be announced in November for December payment, our usual div increase month. This is definitely one to hold and add when possible, then let it grow. Love my Granite!
  • M
    Still one of my favorite REITs in Canada. Every REIT investor should own some Granite imo
  • v
    If there is one company I would feel comfortable parking all my cash into - it would be this. You guys realize their last quarter earnings almost matched their entire earnings in 2020?