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Granite Real Estate Investment Trust (GRP-UN)
NYSE - NYSE Delayed Price. Currency in USD
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At close: 02:48PM EST
131 reactions on $GRP-UN conversation
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I have to say, I’m impressed at the amount of FUD that’s going on with GRT. Seems to me that a lot of people don’t understand that this stock isn’t a tech stock lol
REITS are a natural protection against inflation…….. yet……. People are scared of inflation for a REIT?…….. does anyone read an economics textbook?
Rates rising encourage price growth, which in turn, raise dividend growth. How is this stock tumbling? Lol I don’t understand it. This is when GRT should be hitting ATH’s.
2 steps forward one step back. Buy the dip
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?
Initially purchased at $78 in April 21 since then there was never much of a chance to add more at any dips till now. Today finally added to my postion at $94.50. Pleasantly surprised by the opportunity. Wasn’t sure there would ever be a dip the way this reit was heading. Best Canadian growth REIT out there, the dividend is just icing.
Buy the dip
how do i buy this in United states? have wanted to since last year!
Yup, that is why it’s one of my largest holdings!
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.
Added a few right before close
Buy the Dip
the moment I see 1 day of green I'm buying... god I'm going to have 40% of my portfolio in REITs...
Triple digits are the new floor !?!
Why the dividend of this company always arrive in two/three installments (at least in WST)? It's so annoying!
Yahoo Finance Insights
GRP-UN is up 5.74% to 79.09
RBC Dominion Securities analyst Pammi Bir sees Granite Real Estate Investment Trust (GRT.UN-T) “hitting all the right notes, with wind at its back,” expecting organic growth momentum to build through 2023.
After raising his adjusted funds from operations projections through 2023 to account for increased investment activity, Mr. Bir increased his target for Granite units to $110 from $96, topping the $106.40 average, with an “outperform” rating.
Raymond James analyst Brad Sturges raised his target to $110 from $98, reiterating an “outperform” rating.
Looking to start a position in a REIT. From my research this is amongst the favourites of mine to start a position in. Any advice on if now is a good time to buy? Or to maybe lean towards another REIT for now?
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.
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.
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.
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