Granite Real Estate (GRP.U) Upgraded to “Hold” by Zacks Investment Research

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 research 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 reaffirmed a “sector perform” rating and set a $46.00 price target on shares of Granite Real Estate in a research note on Tuesday, December 20th.

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

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