Granite REIT (GRT-UN:CA)
Analyst Update
Granite REIT received a more positive outlook from analysts as confidence in industrial real estate fundamentals remains intact. TD Securities raised its price target to $94.00 from $88.00, reflecting improved visibility into cash flows, a high-quality industrial portfolio, and stable tenant demand across key logistics and manufacturing markets. The target increase suggests that valuation concerns are easing as leasing fundamentals and income stability remain resilient.
Raymond James upgraded Granite REIT to an Outperform rating and lifting its price target to $96.00 from $93.00. The upgrade signals increased confidence in Granite’s ability to deliver consistent operating performance, supported by strong occupancy levels, long lease terms, and a solid balance sheet.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
